Intersil Corp. Given New $13.00 Price Target at B. Riley (ISIL)
B. Riley boosted their price target on shares of Intersil Corp. (NASDAQ:ISIL) to $13.00 in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 16.70% from the company’s current price.
Intersil Corp. (NASDAQ:ISIL) traded down 0.18% during mid-day trading on Friday, hitting $11.14. 1,045,326 shares of the company’s stock traded hands. Intersil Corp. has a 1-year low of $6.31 and a 1-year high of $11.25. The stock’s 50-day moving average is $10.83 and its 200-day moving average is $8.89. The company’s market cap is $1.418 billion.
Intersil Corp. (NASDAQ:ISIL) last announced its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.06. The company had revenue of $144.80 million for the quarter, compared to the consensus estimate of $138.35 million. During the same quarter last year, the company posted $0.08 earnings per share. Intersil Corp.’s revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Intersil Corp. will post $0.53 earnings per share for the current fiscal year.
ISIL has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Intersil Corp. (NASDAQ:ISIL) from $14.00 to $15.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Intersil Corp. (NASDAQ:ISIL) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 15th. They now have a $11.80 price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.31.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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