Company Update: Intel Corporation (NASDAQ:INTC) – 3 reasons why Intel pulled the trigger on a massive $16.7 billion deal, its biggest ever

[Business Insider] – On Monday, Intel finally closed the $16.7 billion deal to buy programmable chipmaker Altera. The… Read more on this. Intel Corporation (INTC) , with a current value of $167.48B, started trading this morning at $35.10. During today’s session, INTC traded between $35.01 to $35.53 with its 52-week range being $24.87 to $37.49. Intel (INTC) shares are currently priced at 15.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.18x earnings multiple for the same period. The company pays shareholders $0.96 per share annually in dividends, yielding 2.74%. According to a consensus of 38 analysts, the earnings estimate of $0.63 per share would be $0.11 worse than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $2.23 is a $0.08 setback 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 $14.80 Billion. If realized, that would be a 0.54% increase over the year-ago quarter. Recently, JMP Securities upgraded INTC from Mkt Underperform to Mkt Perform (Sep 25, 2015). Previously, Northland Capital upgraded INTC from Market Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $36.19, which is 3.11% above than it opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel Will Invest as Much as $5.5 Billion in China Chip Plant Stock Update: Intel Corporation (NASDAQ:INTC) – Intel to secure EU’s okay for $16.7 bln Altera deal – sources Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal