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. Deutsche Bank AG upped their price target on Intersil Corp. from $15.00 to $17.00 and gave the stock a buy rating in a research note on Friday, July 29th. B. Riley downgraded Intersil Corp. to a neutral rating and set a $22.50 price target for the company. in a research note on Monday, September 19th. MKM Partners assumed coverage on Intersil Corp. in a research note on Friday, June 24th. They issued a neutral rating and a $15.50 price target for the company. TheStreet upgraded Intersil Corp. from a hold rating to a buy rating in a research note on Friday, June 24th. Finally, Drexel Hamilton restated a buy rating and issued a $17.00 price target (up from $16.00) on shares of Intersil Corp. in a research note on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $18.00.
Intersil Corp. (NASDAQ:ISIL) opened at 21.90 on Wednesday. The company’s 50 day moving average is $19.25 and its 200-day moving average is $14.89. The firm has a market cap of $2.97 billion, a P/E ratio of 57.33 and a beta of 1.29. Intersil Corp. has a 52-week low of $10.67 and a 52-week high of $22.76.
Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Intersil Corp. had a return on equity of 7.49% and a net margin of 9.92%. The business earned $134.01 million during the quarter, compared to the consensus estimate of $133.44 million. During the same period in the prior year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Intersil Corp. will post $0.67 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Intersil Corp. during the fourth quarter valued at approximately $15,247,000. Aperio Group LLC increased its position in shares of Intersil Corp. by 13.6% in the first quarter. Aperio Group LLC now owns 24,645 shares of the company’s stock valued at $330,000 after buying an additional 2,941 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Intersil Corp. by 17.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,369 shares of the company’s stock valued at $526,000 after buying an additional 5,765 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Intersil Corp. by 7.8% in the first quarter. TIAA CREF Investment Management LLC now owns 459,289 shares of the company’s stock valued at $6,141,000 after buying an additional 33,376 shares during the period. Finally, Teachers Advisors Inc. increased its position in shares of Intersil Corp. by 16.5% in the first quarter. Teachers Advisors Inc. now owns 1,078,019 shares of the company’s stock valued at $14,413,000 after buying an additional 152,444 shares during the period. 92.30% of the stock is currently owned by institutional investors.
About Intersil Corp.
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.
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