Intersil Corp. (NASDAQ:ISIL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $17.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 12.66% from the company’s previous close.
According to Zacks, “Intersil Corporation is a leader in the design and manufacture of high-performance analog semiconductors. The Company’s products address some of the industry’s fastest growing markets, such as, flat panel displays, cell phones, other handheld systems, and notebooks. Intersil’s product families address power management functions and analog signal processing functions. Intersil products include ICs for battery management, hot-swap and hot-plug controllers, linear regulators, power sequencers, supervisory ICs, bridge drivers, PWM controllers, switching DC/DC regulators and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; video and high-performance operational amplifiers; data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and radiation-hardened applications. “
ISIL has been the subject of several other reports. MKM Partners began coverage on shares of Intersil Corp. in a research note on Friday, June 24th. They set a “neutral” rating and a $15.50 price objective for the company. TheStreet raised shares of Intersil Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Drexel Hamilton reaffirmed a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of Intersil Corp. in a research note on Wednesday, June 15th. B. Riley reaffirmed a “buy” rating and set a $15.50 price objective on shares of Intersil Corp. in a research note on Monday, May 2nd. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Intersil Corp. in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Intersil Corp. presently has a consensus rating of “Buy” and a consensus price target of $15.04.
Shares of Intersil Corp. (NASDAQ:ISIL) traded down 0.53% during trading on Thursday, hitting $15.09. The stock had a trading volume of 949,431 shares. Intersil Corp. has a 52-week low of $9.20 and a 52-week high of $15.17. The firm has a market cap of $2.04 billion and a PE ratio of 23.04. The stock has a 50 day moving average of $13.98 and a 200 day moving average of $12.99.
Intersil Corp. (NASDAQ:ISIL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. During the same period last year, the company posted $0.16 earnings per share. The firm had revenue of $134.01 million for the quarter, compared to the consensus estimate of $133.44 million. The business’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Intersil Corp. will post $0.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Tuesday, August 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.18%.
In other Intersil Corp. news, CEO Necip Sayiner bought 22,000 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was acquired at an average price of $11.61 per share, with a total value of $255,420.00. Following the completion of the purchase, the chief executive officer now owns 593,331 shares of the company’s stock, valued at $6,888,572.91. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Roger Wendelken bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The shares were acquired at an average cost of $11.70 per share, with a total value of $117,000.00. Following the purchase, the senior vice president now directly owns 66,575 shares of the company’s stock, valued at approximately $778,927.50. The disclosure for this purchase can be found here.
Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits (IC). The Company provides power management and precision analog technology for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets.
