Company Update (NASDAQ:INTC): Intel Announces Executive Promotion

[Business Wire] – Intel Corporation today announced that Diane Bryant has been promoted to executive vice president. Bryant has been leading Intel’s Data Center Group as general manager and senior vice president since 2012. Read more on this. Intel Corporation (INTC) , valued at $146.74B, began trading this morning at $31.45. Looking at today’s market, INTC one day range is $31.03 to $31.71 and has traded between $24.87 and $35.59 over the past year. INTC shares are currently priced at 13.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.97x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.31%. According to a consensus of 29 analysts, the earnings estimate of $0.53 per share would be $0.02 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.41, which would be a $0.08 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.53 Billion. If realized, that would be a 2.50% increase over the year-ago quarter. More recently, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. With the above information in mind, readers should note that the average price target is $35.49, which is 12.85% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points Company Update: Intel Corporation (NASDAQ:INTC) – Longtime Intel executive named CEO of Arlington Chamber
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