Artemis Investment Management LLP cut its stake in shares of Intersil Corp. (NASDAQ:ISIL) by 18.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,330,771 shares of the company’s stock after selling 523,407 shares during the period. Artemis Investment Management LLP’s holdings in Intersil Corp. were worth $31,547,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Intersil Corp. during the fourth quarter valued at approximately $15,247,000. Prudential Financial Inc. boosted its stake in shares of Intersil Corp. by 863.7% in the first quarter. Prudential Financial Inc. now owns 813,631 shares of the company’s stock valued at $10,878,000 after buying an additional 729,200 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Intersil Corp. during the second quarter valued at approximately $7,048,000. Renaissance Technologies LLC boosted its position in Intersil Corp. by 78.2% in the first quarter. Renaissance Technologies LLC now owns 836,338 shares of the company’s stock worth $11,182,000 after buying an additional 367,100 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new position in Intersil Corp. during the first quarter worth about $3,943,000. Institutional investors and hedge funds own 92.30% of the company’s stock.
Intersil Corp. (NASDAQ:ISIL) traded down 0.23% during midday trading on Friday, reaching $21.85. The company had a trading volume of 3,050,936 shares. Intersil Corp. has a 12-month low of $10.67 and a 12-month high of $22.76. The company has a 50-day moving average of $18.50 and a 200-day moving average of $14.63. The stock has a market capitalization of $2.96 billion, a PE ratio of 57.20 and a beta of 1.29.
Intersil Corp. (NASDAQ:ISIL) last posted its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $134.01 million for the quarter, compared to analysts’ expectations of $133.44 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Intersil Corp. will post $0.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 2.20%. Intersil Corp.’s dividend payout ratio (DPR) is presently 123.08%.
ISIL has been the topic of a number of research analyst reports. Zacks Investment Research cut Intersil Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st. Drexel Hamilton restated a “buy” rating and set a $17.00 price target (up from $16.00) on shares of Intersil Corp. in a report on Wednesday, June 15th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Intersil Corp. in a report on Wednesday, June 15th. MKM Partners initiated coverage on Intersil Corp. in a report on Friday, June 24th. They set a “neutral” rating and a $15.50 price target on the stock. Finally, TheStreet upgraded Intersil Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.00.
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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