[at Barrons.com] – A couple of Street observers today weigh in with updates on the personal computer market, and the data are not super, but there may be some silver lining for Western Digital (WDC) and Intel (INTC). Mehdi Hosseini with Susquehanna Financial writes that his “checks” of the PC supply chain that construction of new PCs is still below historical patterns for this time of the year, but there could be upside for Western Digital, and competitor Seagate Technology (STX), given already low expectations for the disk drive market: Recent checks among the Taiwanese ODMs suggest the overall Jun Q PC build will reach 84M, or -1% Q/Q and -13% Y/Y, which is better than the prior expectation of 83M (link). Although 1M upside to the PC build expectation is not much, it is still encouraging given all the PC estimate cuts of the past 12-15 months. Read more on this. Intel Corporation (INTC) , with a current value of $140.58B, began trading this morning at $30.05. A quick look at the market, the company’s stock traded between $29.76 and $30.17 with a one year range of $24.87 to $35.59. Priced at 12.41x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 7.03x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.46%. Consensus earnings for the current quarter by the 30 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 $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.42 is a $0.09 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. In terms of ratings, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. When considering if the stock is under or overvalued, the average price target is $35.41, which is 17.84% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Company Update: Intel Corporation (NASDAQ:INTC) – Stressed Out: What’s Bad for Intel Could Be Killer for AMD; Analysts Weigh in Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points