Intel (INTC) announced adding $15 billion to the share buyback plan bringing the total to $19.7 billion. On initial review, the amount isn't substantial enough to move the needle on the stock. Intel has a market cap of $215 billion so the total amount falls short of 10% of the outstanding shares.
Based on history, the semiconductor giant isn't aggressive on share buybacks either. A net payout yield of 6.4% isn't impressive in a market with beaten down stocks. Besides, Intel wasn't that good with the last big buyback program in 2015 when the NPY topped 10% and the stock actually dipped.
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