Market Update: Intel Corporation (NASDAQ:INTC) – Intel Senior Executives Skaugen, Davis Leaving Company

[at Bloomberg] – Intel Corp. senior executives Kirk Skaugen and Doug Davis, who head two of the chipmaker’s biggest divisions, are leaving the company. Read more on this. Intel Corporation (INTC) , valued at $150.13B, started trading this morning at $32.22. Shares have traded today between $31.74 and $32.38 per share and has traded between $24.87 and $35.59 over the past year. INTC shares are currently priced at 13.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.20x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.20%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.47 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $2.38 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.93 Billion. If realized, that would be a 9.00% increase over the year-ago quarter. More recently, Exane BNP Paribas downgraded INTC from Outperform to Neutral (Apr 4, 2016). Previously, Bernstein downgraded INTC from Mkt Perform to Underperform. Given all the information above, we should disclose to readers that the average price target is $36.00, which is 11.73% above than it opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel reportedly spent $175 million on a startup that makes Matrix-like 3D videos 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