Company Update (NASDAQ:INTC): Intel has finally admitted that it failed miserably in the mobile market

[Business Insider] – Things are rough over at Intel. In addition to a huge 12,000-person layoff, Intel has finally… Read more on this. Intel Corporation (INTC) , with a current market cap of $144.40B, began trading this morning at $30.45. During the trading session, INTC traded between $30.36 to $30.69 and has traded between $24.87 and $35.59 over the past year. INTC shares are currently priced at 12.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.03x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.43%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.53 per share, which would be $0.02 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.42 would be a $0.09 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.53 Billion. If reported, that would be a 2.50% increase over the year-ago quarter. In terms of ratings, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. The average price target for INTC shares by the analysts covering the stock is $35.41, which is 16.29% 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 Market Update: Intel Corporation (NASDAQ:INTC) – If Intel wins a tax fight with the IRS, all of Google’s 2015 taxes could be returned