Intel Corporation (INTC) Moves Beyond the Fading PC Market

Intel Corporation (NASDAQ:INTC) shares still look like a buy in spite of the strong year-to-date showing. The stock trades at 13 times earnings, versus 15 for the S&P 500 Index. And, shares yield an appealing 3.71%.

Barron’s writes that Intel’s stock price could double in five years. EPS could top $3 later in this decade, giving shares a higher P/E multiple, and propelling shares higher.

“Applying a market multiple of 15 to $3 of earnings yields a $45 stock. Add five years of dividends, assuming only modest payment growth, and that totals $50, well above the current price,” Barron’s Jack Hough explained.”

Compelling reasons indeed for intelligent investors to like Intel.

Diane Alter has no position in any stocks mentioned. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel.

The article Intel Moves Beyond the Fading PC Market originally appeared on Fool.com.

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