Stock Update: Intel Corporation (NASDAQ:INTC) – Traders see possible pullback in Intel

[optionMONSTER] – Traders apparently believe that Intel may be due for a pullback in coming weeks. optionMONSTER’s monitoring system detected the purchase of about 10,000 Weekly 30.50 puts expiring on April 8 for $0.55 … Read more on this. Intel Corporation (INTC) , valued at $149.25B, started the session at $31.34. A quick look at the market, the company’s stock traded between $31.06 and $31.60 with its 52-week range being $24.87 to $35.59. INTC shares are currently priced at 13.04x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.90x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.27%. According to a consensus of 30 analysts, the earnings estimate of $0.49 per share would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.41 is a $0.08 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.00 Billion. If reported, that would be a 9.55% increase over the year-ago quarter. Recently, Robert W. Baird upgraded INTC from Neutral to Outperform (Mar 3, 2016). Previously, Goldman upgraded INTC from Sell to Neutral. The average price target for INTC shares is $36.05, which is 15.03% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Completes Acquisition of Altera Stock Update: Intel Corporation (NASDAQ:INTC) – Is Intel’s Pullback Over Yet?