[at TheStreet] – TheStreet Ratings team reiterates its ‘buy’ rating for Intel (INTC) with a ratings score of A+.
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Intel Corporation (INTC), valued at $172.34B, began trading this morning at $35.09.
Looking at the stock, its one day range is $34.65 to $35.15 with the price of the stock fluctuating between $21.90 to $35.20 over the last 52 weeks.
Intel (INTC) shares are currently priced at 16.03x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.97x earnings multiple for the same period.
The company pays shareholders $0.90 per share annually in dividends, yielding 2.60%.
Consensus earnings for the current quarter by the 38 sell-side analysts covering the stock is an estimate of $0.64 per share, which would be $0.06 better than the year-ago quarter and a $0.13 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.18 would be a $0.29 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.41 Billion. If reported, that would be a 6.90% increase over the year-ago quarter.
Recently, UBS upgraded INTC from Neutral to Buy (Jul 16, 2014). Previously, Imperial Capital Initiated INTC at to Outperform.
The average price target for INTC shares is $33.75, which is 3.82% below where the stock opened this morning.
Summary (NASDAQ:INTC) : Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. The companys platforms are used in various computing applications comprising notebooks, desktops, servers, tablets, smartphones, automobile infotainment systems, automated factory systems, and medical devices. It offers microprocessors that processes system data and controls other devices in the system; and chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; system-on-chip products that integrate its processing functions with other system components, including graphics, audio, and video onto a single chip; wired network connectivity products; and wireless connectivity products. The company also provides mobile components comprising baseband processors, radio frequency transceivers, WiFi products, Bluetooth products, global navigation satellite system, and power management chips; and gateway and set-top box components. In addition, it offers endpoint security, network and content security, risk and compliance, and consumer and mobile security software products for consumer, mobile, and corporate environments to protect systems from malicious virus attacks, as well as loss of data. Further, the company provides NAND flash memory products, which are used in solid-state drives; and custom foundry services. Intel Corporation sells its products primarily to original equipment manufacturers, original design manufacturers, and industrial and communications equipment manufacturers in the computing and communications industries. It has strategic agreement with Rockchip and Unity Technologies. Intel Corporation was founded in 1968 and is based in Santa Clara, California.
Tag Helper ~ Stock Code: INTC | Common Company name: Intel | Full Company name: Intel Corporation (NASDAQ:INTC) .