Intersil Corp. Upgraded to Buy at TheStreet (ISIL)
Intersil Corp. (NASDAQ:ISIL) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Stock Ratings Network reports.
The analysts wrote, “Intersil Corporation (ISIL) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Intersil Corp. in a research note to investors on Thursday. They now have a $14.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Intersil Corp. from $10.00 to $11.50 in a research note to investors on Thursday. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.36.
Shares of Intersil Corp. (NASDAQ:ISIL) traded down 0.53% during mid-day trading on Friday, hitting $11.33. The stock had a trading volume of 301,999 shares. Intersil Corp. has a 52-week low of $7.17 and a 52-week high of $12.04. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $10.75. The company’s market cap is $1.447 billion.
Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Intersil Corp. will post $0.58 earnings per share for the current fiscal year.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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