Company Update (NASDAQ:INTC): Intel Got Fit At CES 2016 And Even Reached Some New Heights At X-Games

[at Forbes] – Intel was all over the X-Games (Photo Credit: X-Games) You may have noticed this weekend that Intel was all over the X-Games. You couldn’t turn on the TV, web video or Twitter without seeing the company on and around the X-Games. Intel’s love affair with sports started when Brian Krzanich took Read more on this. Intel Corporation (INTC) , valued at $138.88B, ended trading at $29.34. A quick look at the market, the company’s stock traded between $28.52 and $29.70 with a trailing 52-week range being $24.87 to $35.59. Intel (INTC) shares are currently priced at 12.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 9.50x earnings multiple for the same period. And for passive income investors, 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. In looking at the bigger picture, the full-year EPS estimate of $2.43 would be a $0.10 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, Goldman upgraded INTC from Sell to Neutral (Feb 3, 2016). Previously, Macquarie upgraded INTC from Neutral to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $36.54, which is 24.54% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Why Does Intel Expect a Slow Start to 2016? Market Update: Intel Corporation (NASDAQ:INTC) – The 2016 Bullish and Bearish Case for Intel Company Update (NASDAQ:INTC): Intel-Altera Merger Adds $2 Bil To 2016 Sales Outlook