Market Update: Intel Corporation (NASDAQ:INTC) – Intel sees its future in sensors, drones, wearables

[at Investor’s Business Daily] – Special Report: CES 2016 Tech Show News LAS VEGAS — Intel (INTC) CEO Brian Krzanich kicked off the official start of the massive CES trade show with a keynote presentation that barely mentioned the company’s … Read more on this. Intel Corporation (INTC) , currently valued at $155.11B, started the session at $33.27. Looking at the equity, the company’s one day range is $32.85 to $33.85 and has traded between $24.87 and $37.49 over the past year. INTC shares are currently priced at 15.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.46x forward p/e ratio. And for income investors, the company pays shareholders $0.96 per share annually in dividends, yielding 2.79%. According to a consensus of 39 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. What we find to be interesting is 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, JMP Securities upgraded INTC from Mkt Perform to Mkt Outperform (Nov 20, 2015). Previously, JMP Securities upgraded INTC from Mkt Underperform to Mkt Perform. The average price target for INTC shares by the analysts covering the stock is $36.22, which is 8.87% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Stock Update: Intel Corporation (NASDAQ:INTC) – Intel: Citi Sees Favorable PC Trends into Q1, Little Past That Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal Market Update: Intel Corporation (NASDAQ:INTC) – Intel Launches Phase Two of Intel Security Partner Program Designed to Improve Profitability