Market Update: Intel Corporation (NASDAQ:INTC) – The 2016 Bullish and Bearish Case for Intel

[at 24/7 Wall St.] – Intel ended 2015 down 2.2%, including its dividend adjustments. It should be noted that 2014 was an incredible year for Intel, so 2015 may have been a readjustment year. Read more on this. Intel Corporation (INTC) , with a current market cap of $148.70B, started trading this morning at $32.00. Looking at today’s trading action, the company’s one day range from $31.43 to $32.22 and has traded between $24.87 and $37.49 over the past 12 months. INTC shares are currently priced at 14.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.22x forward p/e ratio. And for passive income investors, the company pays shareholders $0.96 per share annually in dividends, yielding 2.84%. 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. The full-year EPS estimate is $2.23 which would be a $0.08 worse than last year’s full-year earnings. 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 is $36.22, which is 13.19% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Stock Update: Intel Corporation (NASDAQ:INTC) – Intel’s data centre business seen rebounding in 2016 Stock Update: Intel Corporation (NASDAQ:INTC) – Will Intel Face a Desktop Demand Problem Between Late 2016 and Late 2017? Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal