Market Update (NASDAQ:INTC): Intel Avoids VR Headset for Bigger Opportunity

[at Investopedia] – Intel (NASDAQ: INTC) has generally been a behind-the-scenes player, not a frontline manufacturer of consumer electronics. As a major supplier to PC companies, competing with them creates, at best, an awkward … Read more on this. Intel Corporation (INTC) , valued at $152.66B, opened this morning at $32.15. Shares have traded today between $31.95 and $32.45 per share with its 52-week range being $24.87 to $35.59. Priced at 13.48x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 5.96x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.18%. According to a consensus of 29 analysts, the earnings estimate of $0.49 per share would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.40, which would be a $0.07 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.96 Billion. If reported, that would be a 9.23% increase over the year-ago quarter. In terms of ratings, Bernstein downgraded INTC from Mkt Perform to Underperform (Mar 21, 2016). Previously, Robert W. Baird upgraded INTC from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $35.92, which is 11.73% above than it opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Qualcomm (QCOM) Stock Climbs, Bernstein Bullish Despite Intel Risk 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