Stock Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Down on Potential Cyber Security Unit Sale

[at TheStreet] – Intel (INTC) stock is falling in pre-market trading after reports suggested the company is considering selling its antivirus software division. Read more on this. Intel Corporation (INTC) , valued at $145.20B, started the session at $31.28. Looking at the stock, its one day range is $30.67 to $31.34 with the price of the stock fluctuating between $24.87 to $35.59 over the last 52 weeks. INTC shares are currently priced at 13.09x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.63x earnings multiple. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.30%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.53 per share, which would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $2.41 is a $0.08 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.53 Billion. If reported, 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 $35.49, which is 13.46% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Potential Apple Chip Order Stock Update: Intel Corporation (NASDAQ:INTC) – Intel Mulls Sale of $1 Billion Venture Capital Portfolio Stock Update (NASDAQ:INTC): VMware: Collaboration With Intel Security Will Deliver A ‘Complete Mobile Security Solution’