Market Update: Intel Corporation (NASDAQ:INTC) – Qualcomm (QCOM) Stock Climbs, Bernstein Bullish Despite Intel Risk

[at TheStreet] – Qualcomm (QCOM) is rising this afternoon, as Bernstein argues that hopes for a threat by Intel (INTC) are ‘extremely optimistic.’ Read more on this. Intel Corporation (INTC) , valued at $145.50B, began trading this morning at $30.59. During today’s session, INTC traded between $30.50 to $31.12 and has traded between $24.87 and $35.59 over the past year. Intel (INTC) shares are currently priced at 12.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.04x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.40%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.49 per share, which would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.42, which would be a $0.09 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.04 Billion. If reported, that would be a 9.86% increase over the year-ago quarter. More recently, Robert W. Baird upgraded INTC from Neutral to Outperform (Mar 3, 2016). Previously, Goldman upgraded INTC from Sell to Neutral. Investors should keep in mind is that the average price target is $36.16, which is 18.21% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update (NASDAQ:INTC): Intel (INTC) Stock Drops Despite Macquarie’s Bullish Remarks Market Update: Intel Corporation (NASDAQ:INTC) – The 2016 Bullish and Bearish Case for Intel Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal