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

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

The stock has a market capitalization of $1.89 billion and a price-to-earnings ratio of 21.34. The stock has a 50-day moving average price of $13.56 and a 200-day moving average price of $12.81.

Intersil Corp. (NASDAQ:ISIL) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. During the same period last year, the business earned $0.17 EPS. The firm had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.41 million. The company’s revenue was down 3.7% compared to the same quarter last year. Analysts anticipate that Intersil Corp. will post $0.67 EPS for the current year.

In related news, CEO Necip Sayiner bought 22,000 shares of the business’s stock in a transaction on Wednesday, May 4th. The shares were purchased at an average cost of $11.61 per share, with a total value of $255,420.00. Following the acquisition, the chief executive officer now owns 593,331 shares of the company’s stock, valued at $6,888,572.91. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard D. Crowley, Jr. bought 2,800 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were bought at an average cost of $11.71 per share, for a total transaction of $32,788.00. Following the completion of the acquisition, the chief financial officer now directly owns 61,163 shares in the company, valued at approximately $716,218.73. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in the company. Retirement Systems of Alabama increased 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 valued at $2,173,000 after buying an additional 2,729 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Intersil Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 244,334 shares of the company’s stock valued at $3,118,000 after buying an additional 3,965 shares during the last quarter. Sei Investments Co. increased its position in shares of Intersil Corp. by 146.9% in the fourth quarter. Sei Investments Co. now owns 319,239 shares of the company’s stock valued at $4,073,000 after buying an additional 189,939 shares during the last quarter. Rhumbline Advisers increased its position in shares of Intersil Corp. by 2.1% in the fourth quarter. Rhumbline Advisers now owns 291,652 shares of the company’s stock valued at $3,721,000 after buying an additional 6,100 shares during the last quarter. Finally, New York State Common Retirement Fund increased 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 valued at $1,614,000 after buying an additional 6,200 shares during the last quarter.

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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