Intersil Corp. (NASDAQ:ISIL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
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. “
A number of other research firms have also weighed in on ISIL. Credit Suisse Group AG reissued a “hold” rating and set a $13.00 price target on shares of Intersil Corp. in a research report on Friday, July 29th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Intersil Corp. in a research report on Wednesday, June 15th. B. Riley reissued a “buy” rating and set a $17.50 price target on shares of Intersil Corp. in a research report on Monday, August 22nd. Stifel Nicolaus downgraded shares of Intersil Corp. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $20.00 to $21.00 in a report on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Deutsche Bank AG downgraded shares of Intersil Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Intersil Corp. presently has an average rating of “Hold” and a consensus target price of $18.00.
Intersil Corp. (NASDAQ:ISIL) opened at 21.91 on Wednesday. The stock’s 50 day moving average is $19.44 and its 200 day moving average is $14.94. Intersil Corp. has a 1-year low of $10.67 and a 1-year high of $22.76. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 57.36 and a beta of 1.29.
Intersil Corp. (NASDAQ:ISIL) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Intersil Corp. had a net margin of 9.92% and a return on equity of 7.49%. The company had revenue of $134.01 million for the quarter, compared to analyst estimates of $133.44 million. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Analysts predict that Intersil Corp. will post $0.67 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its position in Intersil Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 7,994 shares of the company’s stock worth $108,000 after buying an additional 3,470 shares during the period. Invictus RG purchased a new position in Intersil Corp. during the first quarter worth approximately $134,000. Public Employees Retirement System of Ohio raised its position in Intersil Corp. by 3.8% in the second quarter. Public Employees Retirement System of Ohio now owns 10,067 shares of the company’s stock worth $136,000 after buying an additional 367 shares during the period. Fox Run Management L.L.C. purchased a new position in Intersil Corp. during the second quarter worth approximately $137,000. Finally, Connable Office Inc. raised its position in Intersil Corp. by 2.4% in the first quarter. Connable Office Inc. now owns 10,676 shares of the company’s stock worth $143,000 after buying an additional 251 shares during the period. Institutional investors own 92.30% of the company’s stock.
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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