Intersil Corp. (ISIL) Announces $0.12 Quarterly Dividend

Intersil Corp. (NASDAQ:ISIL) announced a quarterly dividend on Thursday, July 28th. Investors of record on Tuesday, August 16th will be paid a dividend of 0.12 per share on Friday, August 26th. This represents a $0.48 annualized dividend and a yield of 3.18%.

Shares of Intersil Corp. (NASDAQ:ISIL) traded down 0.53% during trading on Thursday, reaching $15.09. The company’s stock had a trading volume of 949,431 shares. The company’s 50-day moving average is $13.98 and its 200-day moving average is $12.99. Intersil Corp. has a 12 month low of $9.20 and a 12 month high of $15.17. The company has a market capitalization of $2.04 billion and a P/E ratio of 23.04.

Intersil Corp. (NASDAQ:ISIL) last released its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. During the same period last year, the business earned $0.16 earnings per share. The firm had revenue of $134.01 million for the quarter, compared to analyst estimates of $133.44 million. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that Intersil Corp. will post $0.67 EPS for the current fiscal year.

Several analysts recently weighed in on ISIL shares. B. Riley reissued a “buy” rating and issued a $15.50 price objective on shares of Intersil Corp. in a report on Wednesday, April 27th. Zacks Investment Research raised Intersil Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 7th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Intersil Corp. in a report on Wednesday, June 15th. Credit Agricole SA assumed coverage on Intersil Corp. in a report on Monday, May 16th. They set an “underperform” rating and a $12.00 target price for the company. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of Intersil Corp. in a report on Tuesday, April 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.79.

In related news, SVP Andrew Micallef sold 4,000 shares of Intersil Corp. stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $11.96, for a total transaction of $47,840.00. Following the sale, the senior vice president now directly owns 3,019 shares of the company’s stock, valued at $36,107.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Roger Wendelken bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were purchased at an average cost of $11.70 per share, for a total transaction of $117,000.00. Following the completion of the transaction, the senior vice president now owns 66,575 shares of the company’s stock, valued at $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.