Stock Update (NASDAQ:INTC): Here’s a Reason Why Intel (INTC) Stock Is Up Today

[at TheStreet] – Intel (INTC) stock is advancing after Cowen & Co contended that the company’s design win for Apple’s (AAPL) iPhone 7 could prove better than expected. Read more on this. Intel Corporation (INTC) , valued at $162.36B, began trading this morning at $34.05. Today’s price range has been between $34.04 and $34.50 per share and has traded between $24.87 and $35.59 over the past year. INTC shares are currently priced at 14.11x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.03x earnings multiple. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.06%. According to a consensus of 26 analysts, the earnings estimate of $0.53 per share would be $0.02 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.41 which would be a $0.08 improvement than last year’s full-year earnings. 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, Bernstein upgraded INTC from Underperform to Mkt Perform (Jul 8, 2016). Previously, Credit Agricole Initiated INTC at to Underperform. When considering if the stock is under or overvalued, the average price target is $35.69, which is 4.82% 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 (NASDAQ:INTC): One Reason Intel (INTC) Stock is Higher Today Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss