I bought 52 shares of Intel at $23.86 which ends up yielding 3.75% including brokerage fees. It has been a long time since I've bought shares of INTC and oddly enough I started with a 3.75% yield last time around as well. A few dividend increases later those same shares are now sporting almost a 5 percent yield on cost. I think Intel is one of the best income stocks in the technology sector and will continue rewarding shareholders with dividend increases.
It's kind of scary buying stocks when the market is this high, but I do feel INTC offers a lot of value at the moment. They lowered their future guidance citing weak demand which sent the stock in a downward spiral the past couple days. If I was back home and awake during market hours I bet I would have bought at a lower price. Being half way around the world in a different time zone, I have to settle for limit orders. It feels like I'm one day behind the market because I can't react quickly without screwing up my sleep schedule. Anyways I'm happy to put some money to work and increase my dividend income with Intel!
CI,
ReplyDeleteI nibbled on INTC a little Friday. Turns out that was a bit early with the continued drop on Monday. Those shares were for an IRA and represent a small position as I didn't have much cash in there. It satisfied my psychological "need" to act. Now I'm waiting to see if it drops a little more. INTC is certainly at the top of my watch list.
Hey there Stoic. I've found that knowing the exact time to make a purchase is next to impossible. I've been targeting $24 on INTC which I believe to be decent value. It hit the target so I made the purchase which is good timing because I doubt I'll want to buy anything else this month. Stocks are getting pretty pricey these days.
DeleteGreat buy! I was very close to pulling the trigger myself, yesterday. I'll probably bite if INTC drops just a tad bit more. It's getting very close to 4% yield. Another tech stock I really like is QCOM. It dropped below $54 in July. The future is very bright for mobile, I believe.
ReplyDeleteHopefully you'll get that 4% yield and join the Intel party. I'm trying not to let my cash build up too high which makes INTC at $24 that much more enticing. I'll take a look at QCOM.
DeleteI like your purchase. I just sold puts on INTC this week. I decided I will probably hold off on new purchases this month with a planned vacation but I would add more INTC if it hits the 4% yield point which would be $22.50. It's at the top of my shopping list right now.
ReplyDeleteHave fun in Europe, it's gonna be awesome. I wish I could have gotten an assignment to Germany as I'm starting to get tired of Korea. I'm pretty sure the worst drivers in the world are Korean. They don't obey traffic lights or any traffic laws at all really. It's shocking!
DeleteGreat buy.
ReplyDeleteI've been very close to pulling the trigger on INTC a few times, most notably yesterday on further weakness. I haven't yet- only because it's already a large sized position relative to my portfolio at 122 shares.
I think the fear is a little overblown, but I do hope that INTC becomes competitive in the mobile chip space at some point in the near future. It seems that macroeconomic events have hurt INTC, but they're not alone as a lot of competitors have also issued lower guidance.
Solid buy here. Having too much tech in my portfolio scares me, but if it continues to dip I'll be compelled to add 50 shares or so.
Best wishes!
INTC is one of those stocks where news gets blown out of proportion. I ignore "this is the greatest stock in the world" advice when it's flying high and block out the doom and gloom when shares fall. Staying even keeled has worked for me. I feel I got decent value, but if you're patient you might find a gold mine with this stock. It drops under $20 once in a while, but no guarantees it will happen again!
DeleteNice purchase. Like others, I nearly pulled the trigger on INTC. It is one of the few stocks in the technology sector that I would be comfortable owning.
ReplyDeleteYeah I'm not going to bet my retirement on the tech sector, that's for sure. Technology can change quickly leaving quality companies scratching their heads. The certainty just isn't there. Not only that but finding a decent yield that looks sustainable reduces the field to only a handful of candidates. Intel is one of the better income options IMO, but could fizzle in the next 20 years. People won't stop buying computers any time soon, but it's not as if they are selling toilet paper and razors.
DeleteBought an Intel Core i5 laptop a few months ago which was a good move.