Intersil Corp Downgraded by Craig Hallum to Hold (ISIL)
Intersil Corp (NASDAQ:ISIL) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $14.00 target price on the stock. Craig Hallum’s target price indicates a potential upside of 3.78% from the stock’s previous close.
Intersil Corp (NASDAQ:ISIL) traded up 5.14% during mid-day trading on Thursday, hitting $13.49. The stock had a trading volume of 1,968,038 shares. Intersil Corp has a 1-year low of $9.98 and a 1-year high of $15.93. The stock’s 50-day moving average is $14.7 and its 200-day moving average is $13.16. The company has a market cap of $1.740 billion and a price-to-earnings ratio of 74.59.
Intersil Corp (NASDAQ:ISIL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $147.76 million for the quarter, compared to the consensus estimate of $146.90 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Intersil Corp will post $0.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, August 15th.
A number of other analysts have also recently weighed in on ISIL. Analysts at Zacks upgraded shares of Intersil Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $17.10 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Intersil Corp in a research note on Monday, June 23rd. They now have a $19.00 price target on the stock, up previously from $16.00. Finally, analysts at Needham & Company LLC downgraded shares of Intersil Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 18th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.76.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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