Market Update: Intel Corporation (NASDAQ:INTC) – Evolving Intel Tries for Third Quarter of Street-Beating Earnings

[at Forbes] – It’s been a tough year for the worldwide semiconductor industry, which could challenge Intel’s (INTC) Q4 results due post-close Thursday. The report could show Wall Street just how rough-and-tumble it’s been in the “traditional tech” space amid weakening demand for the personal computer (PC)—that’s demand lost to nimbler notebooks, tablets, and Read more on this. Intel Corporation (INTC) , valued at $152.66B, started trading this morning at $31.97. Today, shares have traded between $31.80 and $32.37 per share with its 52-week range being $24.87 to $37.03. INTC shares are currently priced at 14.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.22x earnings multiple. And for income investors, the company pays shareholders $0.96 per share annually in dividends, yielding 2.99%. Consensus earnings for the current quarter by the 38 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.11 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.23 is a $0.08 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.80 Billion. If realized, that would be a 0.54% increase over the year-ago quarter. In terms of ratings, Mizuho upgraded INTC from Neutral to Buy (Jan 12, 2016). Previously, JMP Securities upgraded INTC from Mkt Perform to Mkt Outperform. The average price target for INTC shares by the analysts covering it is $36.49, which is 14.14% above where the stock opened. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – What to Expect From Intel Earnings Market Update: Intel Corporation (NASDAQ:INTC) – Why Intel Belongs In Your Portfolio Ahead of Earnings Stock Update: Intel Corporation (NASDAQ:INTC) – Can Intel Turn Itself Back Around With Earnings?