Stock Update (NASDAQ:INTC): Intel Moves In The Right Direction With Its Latest, Diminutive Compute Stick

[at Forbes] – The Intel Compute Stick is an interesting device. It is essentially a full blown PC, scaled down to only the bare essentials, built around a low-powered – and low cost processor. Streamlining the design and internals allows Intel (and other companies producing ultra-small form factor systems) to make the Compute Read more on this. Intel Corporation (INTC) , valued at $140.67B, began trading this morning at $29.88. During the trading session, INTC traded between $29.64 to $30.22 and has traded between $24.87 and $35.59 over the past year. Intel (INTC) shares are currently priced at 12.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 9.14x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.51%. According to a consensus of 31 analysts, the earnings estimate of $0.50 per share would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $2.44 is a $0.11 better 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 $14.08 Billion. If realized, that would be a 10.17% increase over the year-ago quarter. In terms of ratings, Macquarie upgraded INTC from Neutral to Outperform (Jan 25, 2016). Previously, Sun Trust Rbsn Humphrey Initiated INTC at to Neutral. When considering if the stock is under or overvalued, the average price target is $36.46, which is 22.02% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal Stock Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Down as RBC Initiates Coverage Stock Update (NASDAQ:INTC): Intel Takes a Mobile Step in the Right Direction
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