Hp Inc Stock Price, News & Analysis

HP Inc. announced its portfolio of Windows-based PCs is set to be upgradeable to Windows 11 later this year.

The company’s devices, including the HP Spectre, HP ENVY, and HP Pavilion series, are designed for enhanced user experience and productivity.

Gaming devices like OMEN and Victus will also feature optimizations for Windows 11 that improve graphics and load times.

HP's collaboration with Microsoft has been emphasized, aiming to provide users with innovative experiences across various platforms.

The HP Inc. board has declared a cash dividend of $0.1938 per share, the fourth for fiscal year 2021. This dividend is payable on October 6, 2021, to stockholders recorded by the close of business on September 8, 2021. With approximately 1.2 billion shares of common stock outstanding, this action reflects HP's commitment to returning value to its shareholders.

HP Inc. (NYSE: HPQ) has appointed Bruce Broussard, the current President and CEO of Humana, to its Board of Directors. Broussard brings diverse leadership experience from both public and private sectors, particularly in healthcare and health technology. His previous role as CEO of McKesson Specialty/US Oncology further enriches his profile. This addition aims to enhance HP's commitment to transformation and long-term value creation, according to Chair Chip Bergh. The HP Board of Directors is recognized for its diversity within the tech industry.

HP Inc. has expanded its Engage portfolio amid changing consumer behaviors, introducing the HP Engage Go 10 and HP Engage Flex Mini. The Go 10 is a lightweight, convertible system designed for mobility, while the Flex Mini offers versatility across various sectors. Key features include integration with Ingenico for seamless payment processing and enhanced security with HP Wolf Security. The latest systems aim to improve customer experiences in retail and hospitality, addressing the shift toward omnichannel interactions.

HP Inc. has launched the HP PATH program aimed at enhancing digital equity for 150 million underserved individuals by 2030, focusing on education, healthcare, and economic opportunities. Key achievements in the 2020 Sustainable Impact Report include over $1 billion in sales driven by sustainability, a 4% reduction in carbon footprint, a 33% decrease in GHG emissions intensity, and significant reductions in plastic usage. The report outlines HP's commitment to accountability and transparency while striving for sustainability and social justice.

HP Inc. (NYSE: HPQ) has successfully completed its acquisition of HyperX, the gaming division of Kingston Technology, for $425 million. This strategic move aims to enhance HP’s Personal Systems business by tapping into the growing gaming market. HyperX's product lineup includes a range of gaming peripherals such as headsets and keyboards, which are expected to bolster HP’s market presence. The acquisition is projected to be accretive on a non-GAAP basis in the first year post-closing, signaling potential growth for HP.

HP reported a strong second quarter for fiscal 2021, achieving net revenue of $15.9 billion, a 27.3% increase year-over-year. The GAAP diluted EPS reached $0.98, significantly exceeding previous forecasts. Non-GAAP diluted EPS was $0.93, also above outlook projections. The company generated $1.4 billion in operating cash flow and returned 137% of its free cash flow to shareholders, totaling $1.8 billion in buybacks and dividends. Looking ahead, HP estimates a third quarter GAAP diluted EPS range of $0.77 to $0.81 and maintains a positive full-year outlook.