Stock Update (NASDAQ:INTC): Intel Is on the Edge of a Breakdown

[at TheStreet] – For Intel bulls, a steep pullback over the next few weeks could result in a very low-risk entry opportunity. Read more on this. Intel Corporation (INTC) , with a current market cap of $161.67B, started trading this morning at $34.24. Looking at the equity, the company’s one day range is $34.12 to $34.30 with a one year range of $24.87 to $37.74. Priced at 15.19x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 10.04x forward p/e ratio. The company pays shareholders $0.96 per share in dividend income per year, for a current yield of 2.83%. Consensus earnings for the current quarter by the 38 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.11 worse than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $2.23 is a $0.08 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.80 Billion. If reported, that would be a 0.54% increase over the year-ago quarter. In terms of ratings, JMP Securities upgraded INTC from Mkt Underperform to Mkt Perform (Sep 25, 2015). Previously, Northland Capital upgraded INTC from Market Perform to Outperform. The average price target for INTC shares by the analysts covering the stock is $36.16, which is 5.61% 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 Stock Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Down as RBC Initiates Coverage Stock Update: Intel Corporation (NASDAQ:INTC) – One Factor Bringing Intel (INTC) Stock Up