Company Update (NASDAQ:INTC): More Squawk From Jim Cramer: Intel (INTC) Moves Away From PCs With BMW, Mobileye

[at TheStreet] – Intel (INTC) and Mobileye’s (MBLY) shares are on the rise following reports that the companies will work with BMW on self-driving cars. Read more on this. Intel Corporation (INTC) , with a current value of $154.76B, opened at $32.00. Shares have traded today between $31.97 and $32.78 per share with a trailing 52-week range being $24.87 to $35.59. Priced at 13.25x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 12.63x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.30%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.53 per share, which would be $0.02 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.41 would be a $0.08 better 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. Recently, Credit Agricole Initiated INTC at Underperform (May 17, 2016). Previously, Northland Capital downgraded INTC from Outperform to Market Perform. When considering if perhaps the stock is under or overvalued, the average price target is $35.38, which is 10.56% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel Poised to Benefit at Apple’s WWDC (INTC, AAPL) Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Stock Update (NASDAQ:INTC): Intel Moves In The Right Direction With Its Latest, Diminutive Compute Stick