Market Update: Intel Corporation (NASDAQ:INTC) – Planned Intel job cuts create uncertainty in New Mexico city

[AP] – A massive Intel plant has been a cornerstone in Rio Rancho, New Mexico, for nearly a generation. During its time in the bedroom community north of Albuquerque, Intel has pumped billions of dollars into … Read more on this. Intel Corporation (INTC) , currently valued at $148.08B, began trading this morning at $31.39. Looking at the stock, its one day range is $31.20 to $31.50 with a trailing 52-week range being $24.87 to $35.59. Intel (INTC) shares are currently priced at 13.13x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.97x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.29%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.52 per share, which would be $0.03 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $2.41, which would be a $0.08 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.53 Billion. If realized, that would be a 2.50% increase over the year-ago quarter. More recently, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. The average price target for INTC shares is $35.53, which is 13.19% 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 Market Update: Intel Corporation (NASDAQ:INTC) – The 2016 Bullish and Bearish Case for Intel