Intersil Corp. Given New $11.50 Price Target at Credit Suisse (ISIL)
Research analysts at Credit Suisse hoisted their target price on shares of Intersil Corp. (NASDAQ:ISIL) from $10.00 to $11.50 in a report released on Thursday, AnalystRatingsNetwork reports. Credit Suisse’s price objective would indicate a potential upside of 0.97% from the stock’s previous close.
Shares of Intersil Corp. (NASDAQ:ISIL) traded up 0.26% during mid-day trading on Thursday, hitting $11.39. The stock had a trading volume of 2,532,765 shares. Intersil Corp. has a 52 week low of $7.17 and a 52 week high of $12.00. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $10.74. The company’s market cap is $1.454 billion.
Intersil Corp. (NASDAQ:ISIL) last released its earnings data on Wednesday, January 29th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02. The company had revenue of $146.00 million for the quarter, compared to the consensus estimate of $145.33 million. During the same quarter last year, the company posted $0.06 earnings per share. Intersil Corp.’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Intersil Corp. will post $0.70 EPS for the current fiscal year.
ISIL has been the subject of a number of other recent research reports. Analysts at Evercore Partners downgraded shares of Intersil Corp. from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, January 2nd. They now have a $9.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Intersil Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $12.40 price target on the stock. Finally, analysts at Zacks upgraded shares of Intersil Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 4th. They now have a $11.80 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.36.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.