Market Update (NASDAQ:INTC): Intel And Qualcomm Partner (Yes, Really) To Move WiGig 60 GHz 802.11AD Wi-Fi Forward

[at Forbes] – For the longest time, the 802.11ad space, also known as WiGig by others, was a conglomeration of different 60 GHz Wi-Fi technologies. There have been many companies that have announced technologies utilizing 60 GHz Wi-Fi technologies including Intel, Nitero, Peraso, Qualcomm, Samsung Electronics and SiBEAM. Even though many of these […] Read more on this. Intel Corporation (INTC) , currently valued at $138.46B, opened this morning at $29.62. Looking at the equity, the company’s one day range is $28.52 to $29.72 with its 52-week range being $24.87 to $35.59. Priced at 12.26x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry ’s 9.50x forward p/e ratio. The company pays shareholders $1.04 per share annually in dividends, yielding 3.35%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $0.50 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.43 is a $0.10 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.08 Billion. If reported, that would be a 10.17% increase over the year-ago quarter. Recently, Goldman upgraded INTC from Sell to Neutral (Feb 3, 2016). Previously, Macquarie upgraded INTC from Neutral to Outperform. The average price target for INTC shares by the analysts covering it is $36.54, which is 23.36% above where the stock opened. See more in (NASDAQ:INTC) Similar Articles: Company Update (NASDAQ:QCOM): Intel And Qualcomm Partner (Yes, Really) To Move WiGig 60 GHz 802.11AD Wi-Fi Forward Market Update: Intel Corporation (NASDAQ:INTC) – Intel Hires Ex-Qualcomm Executive to Run Top Unit in Shakeup Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal