Intersil Corp. Downgraded by Evercore Partners to Underweight (ISIL)
Intersil Corp. (NASDAQ:ISIL) was downgraded by stock analysts at Evercore Partners from an “equal weight” rating to an “underweight” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Intersil Corp. (NASDAQ:ISIL) opened at 11.471 on Thursday. Intersil Corp. has a 52 week low of $7.17 and a 52 week high of $11.78. The stock’s 50-day moving average is $10.83 and its 200-day moving average is $10.24. The company’s market cap is $1.465 billion.
Intersil Corp. (NASDAQ:ISIL) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.03. The company had revenue of $152.64 million for the quarter, compared to the consensus estimate of $149.14 million. During the same quarter last year, the company posted $0.10 earnings per share. Intersil Corp.’s revenue was up .8% compared to the same quarter last year. Analysts expect that Intersil Corp. will post $0.58 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Intersil Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $12.40 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Intersil Corp. from $9.00 to $11.00 in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.43.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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