Intersil Corp. (ISIL) Reaches New 1-Year High at $22.76
Intersil Corp. (NASDAQ:ISIL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $22.76 and last traded at $21.81, with a volume of 3,015,872 shares. The stock had previously closed at $21.81.
A number of brokerages have recently commented on ISIL. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Intersil Corp. in a report on Friday, July 29th. MKM Partners started coverage on shares of Intersil Corp. in a research note on Friday, June 24th. They set a “neutral” rating and a $15.50 target price for the company. Zacks Investment Research downgraded shares of Intersil Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Stifel Nicolaus downgraded shares of Intersil Corp. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $20.00 to $21.00 in a research note on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Drexel Hamilton reissued a “buy” rating and set a $17.00 target price (up previously from $16.00) on shares of Intersil Corp. in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
The stock’s 50-day moving average price is $17.92 and its 200 day moving average price is $14.47. The firm has a market capitalization of $2.95 billion, a PE ratio of 57.003 and a beta of 1.29.
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Intersil Corp. (NASDAQ:ISIL) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Intersil Corp. had a net margin of 9.92% and a return on equity of 7.49%. The company earned $134.01 million during the quarter, compared to analysts’ expectations of $133.44 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Intersil Corp. will post $0.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.48 annualized dividend and a yield of 2.20%. Intersil Corp.’s payout ratio is currently 123.08%.
A number of large investors have recently made changes to their positions in ISIL. LS Investment Advisors LLC boosted its stake in shares of Intersil Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 7,994 shares of the company’s stock valued at $108,000 after buying an additional 3,470 shares during the last quarter. Invictus RG purchased a new stake in shares of Intersil Corp. during the first quarter valued at $134,000. Public Employees Retirement System of Ohio boosted its stake in shares of Intersil Corp. by 3.8% in the second quarter. Public Employees Retirement System of Ohio now owns 10,067 shares of the company’s stock valued at $136,000 after buying an additional 367 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Intersil Corp. during the second quarter valued at $137,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Intersil Corp. during the second quarter valued at $144,000. 92.41% of the stock is owned by institutional investors and hedge funds.
Intersil Corp. Company Profile
Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits (IC). The Company provides power management and precision analog technology for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets.
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