Shares of Intersil Corp. (NASDAQ:ISIL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.64 and last traded at $14.49, with a volume of 758,156 shares traded. The stock had previously closed at $14.39.

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

The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $12.85. The firm has a market cap of $1.96 billion and a price-to-earnings ratio of 22.15.

Intersil Corp. (NASDAQ:ISIL) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $128.41 million. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Equities research analysts predict that Intersil Corp. will post $0.67 EPS for the current fiscal year.

In related news, SVP Andrew Micallef sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $11.96, for a total transaction of $47,840.00. Following the transaction, the senior vice president now directly owns 3,019 shares in the company, valued at $36,107.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Necip Sayiner purchased 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The shares were purchased at an average price of $11.61 per share, for a total transaction of $255,420.00. Following the completion of the acquisition, the chief executive officer now owns 593,331 shares of the company’s stock, valued at approximately $6,888,572.91. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Intersil Corp. by 7.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,430,924 shares of the company’s stock valued at $43,779,000 after buying an additional 238,591 shares during the period. Sei Investments Co. boosted its position in 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 period. Morgan Stanley boosted its position in Intersil Corp. by 31.4% in the fourth quarter. Morgan Stanley now owns 134,483 shares of the company’s stock valued at $1,717,000 after buying an additional 32,162 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its position in 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 valued at $1,086,000 after buying an additional 29,024 shares during the period. Finally, New York State Common Retirement Fund boosted its position in 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 period.

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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