Market Update: Intel Corporation (NASDAQ:INTC) – Intel: Bull, Bear Debate How ‘Decisive’ a Restructuring; CFO Smith Seen as Heir Apparent

[at Barrons.com] – Shares of Intel (INTC) are up 27 cents, or 0.8%, at $31.87, reversing last night’s after-hours decline of 5% or so, which had followed the company reporting Q1 revenue and earnings that topped analysts’ expectations, but forecast revenue this quarter below consensus. CEO Brian Krzanich today picked through the developments with the crew at CNBC at some length, including stating that Intel will at some point probably make more acquisitions following last year’s purchase of Altera. Despite Krzanich downplaying speculation, the move of CFO Stacy Smith to head of sales and manufacturing is being scene by several today as a nod to his being the heir apparent. Read more on this. Intel Corporation (INTC) , with a current market cap of $151.81B, opened at $31.36. Looking at today’s trading action, the company’s one day range from $31.25 to $32.26 with a one year range of $24.87 to $35.59. Priced at 13.39x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 5.92x 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 3.31%. According to a consensus of 30 analysts, the earnings estimate of $0.55 per share would be $0.00 worse than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.36 is a $0.03 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.16 Billion. If reported, that would be a 7.27% increase over the year-ago quarter. More recently, Brean Capital Initiated INTC at Buy (Apr 7, 2016). Previously, Exane BNP Paribas downgraded INTC from Outperform to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $35.89, which is 14.45% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss 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