Market Update (NASDAQ:INTC): Intel Capital Says It’s Not Planning Major Changes to Portfolio

[at Bloomberg] – Intel Capital, the venture arm of Intel Corp., said it has completed a review of its holdings and decided it won’t make any ‘major changes’ to its portfolio. Read more on this. Intel Corporation (INTC) , with a current market cap of $148.84B, started the session at $31.49. Today, shares have traded between $31.40 and $31.63 per share with the price of the stock fluctuating between $24.87 to $35.59 over the last 52 weeks. INTC shares are currently priced at 13.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.92x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.44%. 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. In terms of ratings, Credit Agricole Initiated INTC at Underperform (May 17, 2016). Previously, Northland Capital downgraded INTC from Outperform to Market Perform. When considering if the stock is under or overvalued, the average price target is $35.24, which is 11.91% 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 Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Mulls Sale of $1 Billion Venture Capital Portfolio Stock Update: Intel Corporation (NASDAQ:INTC) – Savioke Announces $15 Million Series A Funding from Intel Capital, EDBI, Northern Light Venture Capital