Company Update (NASDAQ:INTC): Buy Intel, Watch Its Business, Earnings Grow

[at TheStreet] – Intel is showing signs of life again ahead of earnings late Tuesday. Its good dividend will pay you to hang on. Read more on this. Intel Corporation (INTC) , with a current value of $148.83B, started trading this morning at $31.50. Looking at the equity, the company’s one day range is $31.38 to $31.69 with its 52-week range being $24.87 to $35.59. INTC shares are currently priced at 13.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.24x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.31%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.48 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.37 is a $0.04 improvement 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 $13.86 Billion. If realized, that would be a 8.45% increase over the year-ago quarter. Recently, Brean Capital Initiated INTC at Buy (Apr 7, 2016). Previously, Exane BNP Paribas downgraded INTC from Outperform to Neutral. Investors should keep in mind is that the average price target is $35.81, which is 13.68% 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 Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points Stock Update: Intel Corporation (NASDAQ:INTC) – Why Investors Hated Intel’s Q4 Earnings Beat