Market Update: Intel Corporation (NASDAQ:INTC) – As Microsoft soars on cloud, PC partner Intel seeks lift off

[Reuters] – Microsoft Corp (MSFT.O) and Intel Corp’s financial results this week brought into sharp relief the onetime PC partners’ attempts to gear up for cloud computing, where Microsoft is soaring and Intel has not quite taken off. Chipmaker Intel (INTC.O) has seen its share price drop 2 percent over the last year, as software maker Microsoft’s stock has risen 30 percent. Microsoft’s market capitalization of around $439.68 billion is almost three times Intel’s at $150.96 billion, compared to about double five years ago. Read more on this. Intel Corporation (INTC) , with a current market cap of $150.82B, started the session at $31.95. Today’s price range has been between $31.81 and $32.06 per share and has traded between $24.87 and $35.59 over the past 12 months. Intel (INTC) shares are currently priced at 13.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.00x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.29%. According to a consensus of 31 analysts, the earnings estimate of $0.53 per share would be $0.02 worse than the year-ago quarter and a $0.04 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 based on a consensus revenue forecast of the current quarter of $13.53 Billion. If realized, that would be a 2.50% increase over the year-ago quarter. More recently, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. The average price target for INTC shares is $35.59, which is 11.39% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update (NASDAQ:INTC): Intel Makes Move to the Cloud Faster, Easier Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points Market Update (NASDAQ:INTC): Intel And Qualcomm Partner (Yes, Really) To Move WiGig 60 GHz 802.11AD Wi-Fi Forward