Market Update: Intel Corporation (NASDAQ:INTC) – Intel Promotes Two Corporate Officers, Elects Six New Corporate Vice Presidents

[Business Wire] – Intel Corporation today announced that its board of directors promoted two corporate officers and elected six new corporate vice presidents. Read more on this. Intel Corporation (INTC) , currently valued at $144.83B, opened this morning at $30.28. Today’s price range has been between $30.10 and $30.82 per share with a trailing 52-week range being $24.87 to $35.59. Priced at 12.28x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry ’s 9.14x forward p/e ratio. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.47%. According to a consensus of 31 analysts, the earnings estimate of $0.50 per share would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $2.44 is a $0.11 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. Recently, Macquarie upgraded INTC from Neutral to Outperform (Jan 25, 2016). Previously, Sun Trust Rbsn Humphrey Initiated INTC at to Neutral. Investors should keep in mind is that the average price target is $36.46, which is 20.41% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal Market Update: Intel Corporation (NASDAQ:INTC) – Intel Invests US$50 Million to Advance Quantum Computing Market Update: Intel Corporation (NASDAQ:INTC) – Intel Gets Into the Reality TV Business