Stock Update (NASDAQ:INTC): Intel CEO’s Qualcomm Recruit Causes Upheaval in Senior Ranks

[at Bloomberg] – Intel Corp. Chief Executive Officer Brian Krzanich broke with decades of company history last year by making an outsider, Murthy Renduchintala of rival Qualcomm Inc., his No. 2. Read more on this. Intel Corporation (INTC) , with a current market cap of $152.44B, began trading this morning at $31.89. A quick look at the market, the company’s stock traded between $31.83 and $32.33 with the price of the stock fluctuating between $24.87 to $35.59 over the last 52 weeks. INTC shares are currently priced at 13.35x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.71x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.29%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.48 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.37 would be a $0.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.91 Billion. If reported, that would be a 8.84% increase over the year-ago quarter. In terms of ratings, Brean Capital Initiated INTC at Buy (Apr 7, 2016). Previously, Exane BNP Paribas downgraded INTC from Outperform to Neutral. Investors should keep in mind is that the average price target is $35.83, which is 12.35% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel Senior Executives Skaugen, Davis Leaving Company Market Update: Intel Corporation (NASDAQ:INTC) – Qualcomm (QCOM) Stock Climbs, Bernstein Bullish Despite Intel Risk Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points