Company Update: Intel Corporation (NASDAQ:INTC) – Why Does Intel Expect a Slow Start to 2016?

[Market Realist] – Intel expects fiscal 2016 to start slow given the weak economic growth in China. Its move towards data center and IoT will likely boost sales in 2016. Read more on this. Intel Corporation (INTC) , valued at $141.76B, started the session at $29.95. Looking at today’s market, INTC one day range is $29.85 to $30.06 and has traded between $24.87 and $37.03 over the past 12 months. Priced at 12.20x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 8.77x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.96 per share annually in dividends, yielding 3.23%. According to a consensus of 32 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. The full-year EPS estimate is $2.44 which would be a $0.11 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.10 Billion. If reported, that would be a 10.33% increase over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated INTC at Neutral (Jan 14, 2016). Previously, Mizuho upgraded INTC from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $36.54, which is 22.00% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – The 2016 Bullish and Bearish Case for Intel Company Update (NASDAQ:INTC): Intel-Altera Merger Adds $2 Bil To 2016 Sales Outlook Company Update: Intel Corporation (NASDAQ:INTC) – What to Expect From Intel Earnings