Company Update: Intel Corporation (NASDAQ:INTC) – BMW Group, Intel and Mobileye Team Up to Bring Fully Autonomous Driving to Streets by 2021

[PR Newswire] – MUNICH, July 1, 2016 /PRNewswire/ — BMW Group, Intel, and Mobileye are joining forces to make self-driving vehicles and future mobility concepts become a reality. The goal of the collaboration is to develop future-proofed solutions that enable the drivers to not only take their hands off the steering wheel, but reach the so called “eyes off” (level 3) and ultimately the “mind off” (level 4) level transforming the driver’s in-car time into leisure or work time. Read more on this. Intel Corporation (INTC) , valued at $154.22B, opened this morning at $32.64. Shares have traded today between $32.47 and $32.72 per share and has traded between $24.87 and $35.59 over the past year. Intel (INTC) shares are currently priced at 13.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.63x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.30%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $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 improvement when compared to the previous year’s annual results. 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. The average price target for INTC shares by the analysts covering it is $35.43, which is 8.55% above where the stock opened. See more in (NASDAQ:INTC) Similar Articles: Company Update (NASDAQ:INTC): More Squawk From Jim Cramer: Intel (INTC) Moves Away From PCs With BMW, Mobileye 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