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Market Update (NASDAQ:INTC): Intel (INTC) Stock Up on Potential iPhone Deal

[at TheStreet] – Intel (INTC) stock is advancing in late-morning trading on Wednesday as the company reportedly won a significant supply deal with Apple (AAPL). Read more on this. Intel Corporation (INTC) , with a current market cap of $142.60B, started the session at $30.03. During the trading session, INTC traded between $29.92 to $30.25 and has traded between $24.87 and $35.59 over the past 12 months. Intel (INTC) shares are currently priced at 12.44x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.40x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.48%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.53 per share, which 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, Credit Agricole Initiated INTC at Underperform (May 17, 2016). Previously, Northland Capital downgraded INTC from Outperform to Market Perform. Investors should keep in mind is that the average price target is $35.20, which is 17.22% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Stock to Trade Ex-Dividend (INTC) Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Company Update: Intel Corporation (NASDAQ:INTC) – 3 reasons why Intel pulled the trigger on a massive $16.7 billion deal, its biggest ever
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