Market Update (NASDAQ:INTC): How Important Is The Wearables Market For Intel?

[at Forbes] – Intel has learned from its short-handedness in the smartphone market, where it lost out due both to its late entry and to a misalignment its advanced technology and the initial nascent iterations of smartphone technology. In contrast, Intel is determined to be one of the early entrants in Internet-of-Things (IoT). Wearable devices are a Read more on this. Intel Corporation (INTC) , valued at $154.38B, opened this morning at $32.21. Looking at the equity, the company’s one day range is $32.06 to $32.69 with its 52-week range being $24.87 to $35.59. Priced at 13.27x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 4.90x forward p/e ratio. And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.31%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $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 $2.41, which would be a $0.08 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.99 Billion. If reported, that would be a 9.47% 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. When considering if the stock is under or overvalued, the average price target is $36.06, which is 11.95% 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 Market Update: Intel Corporation (NASDAQ:INTC) – If Intel wins a tax fight with the IRS, all of Google’s 2015 taxes could be returned Market Update: Intel Corporation (NASDAQ:INTC) – Intel sees its future in sensors, drones, wearables