Company Update: Intel Corporation (NASDAQ:INTC) – Longtime Intel executive named CEO of Arlington Chamber

[at American City Business Journals] – The Arlington Chamber of Commerce Board of Directors Executive Committee unanimously has selected Michael Jacobson as its new president and CEO. Jacobson will join the chamber in early February after having spent the past 19 years with Intel Corp.(INTC). Jacobson managed site selection processes, as well as representing Intel globally with government and economic development relationships. Read more on this. Intel Corporation (INTC) , currently valued at $152.75B, started the session at $32.80. Looking at the stock, its one day range is $32.27 to $32.88 with a trailing 52-week range being $24.87 to $37.49. Intel (INTC) shares are currently priced at 14.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.22x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.96 per share annually in dividends, yielding 3.05%. Consensus earnings for the current quarter by the 39 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 $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.23 is a $0.08 worse 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. Recently, Mizuho upgraded INTC from Neutral to Buy (Jan 12, 2016). Previously, JMP Securities upgraded INTC from Mkt Perform to Mkt Outperform. When considering if the stock is under or overvalued, the average price target is $36.22, which is 10.43% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – 3 reasons why Intel pulled the trigger on a massive $16.7 billion deal, its biggest ever Market Update: Intel Corporation (NASDAQ:INTC) – Intel Hires Ex-Qualcomm Executive to Run Top Unit in Shakeup Company Update: Intel Corporation (NASDAQ:INTC) – What to Expect From Intel Earnings