Shares of Intersil Corp. (NASDAQ:ISIL) rose 2.2% during trading on Thursday . The stock traded as high as $13.59 and last traded at $13.50, with a volume of 318,226 shares trading hands. The stock had previously closed at $13.21.

ISIL has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Intersil Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. B. Riley reaffirmed a “buy” rating and issued a $15.50 price objective on shares of Intersil Corp. in a report on Wednesday, April 27th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Intersil Corp. in a report on Wednesday, April 27th. Drexel Hamilton reaffirmed a “buy” rating on shares of Intersil Corp. in a report on Tuesday, April 26th. Finally, Credit Agricole SA initiated coverage on shares of Intersil Corp. in a report on Monday, May 16th. They issued an “underperform” rating and a $12.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.79.

The company has a market capitalization of $1.82 billion and a P/E ratio of 20.60. The firm has a 50-day moving average price of $13.51 and a 200-day moving average price of $12.80.

Intersil Corp. (NASDAQ:ISIL) last announced its earnings results on Tuesday, April 26th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $128.41 million. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. On average, equities analysts predict that Intersil Corp. will post $0.67 EPS for the current fiscal year.

In other Intersil Corp. news, CEO Necip Sayiner bought 22,000 shares of the stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average cost of $11.61 per share, for a total transaction of $255,420.00. Following the completion of the transaction, the chief executive officer now owns 593,331 shares in the company, valued at approximately $6,888,572.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Roger Wendelken bought 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were acquired at an average price of $11.70 per share, for a total transaction of $117,000.00. Following the completion of the transaction, the senior vice president now owns 66,575 shares of the company’s stock, valued at approximately $778,927.50. The disclosure for this purchase can be found here.

Several institutional investors have made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. raised its position in shares of Intersil Corp. by 51.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 85,195 shares of the company’s stock worth $1,086,000 after buying an additional 29,024 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Intersil Corp. by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 90,658 shares of the company’s stock worth $1,157,000 after buying an additional 2,409 shares during the period. New York State Common Retirement Fund raised its position in shares of Intersil Corp. by 5.2% in the fourth quarter. New York State Common Retirement Fund now owns 126,500 shares of the company’s stock worth $1,614,000 after buying an additional 6,200 shares during the period. Morgan Stanley raised its position in shares of Intersil Corp. by 31.4% in the fourth quarter. Morgan Stanley now owns 134,483 shares of the company’s stock worth $1,717,000 after buying an additional 32,162 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Intersil Corp. by 1.6% in the fourth quarter. Retirement Systems of Alabama now owns 170,281 shares of the company’s stock worth $2,173,000 after buying an additional 2,729 shares during the period.

Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits (IC). The Company caters to infrastructure, industrial, automotive, consumer, instrumentation and measurement, light emitting diode (LED) lighting, medical, military, networking and communications, security and surveillance, radiation hardened, video and computing markets.

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