Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Stock to Trade Ex-Dividend (INTC)

[at Investopedia] – Intel will send its dividend payment on June 1 to shareholders of record as of May 7. Read more on this. Intel Corporation (INTC) , with a current market cap of $142.75B, opened at $30.41. Looking at the stock, its one day range is $30.09 to $30.56 and has traded between $24.87 and $35.59 over the past 12 months. INTC shares are currently priced at 12.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.03x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.43%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.53 per share, which would be $0.02 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.42, which would be a $0.09 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. 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 is $35.41, which is 16.44% 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 Stock Update: Intel Corporation (NASDAQ:INTC) – Traders see possible pullback in Intel Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points
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