Intersil Corp. (ISIL) Reaches New 52-Week High at $15.67
Shares of Intersil Corp. (NASDAQ:ISIL) reached a new 52-week high on Friday . The stock traded as high as $15.67 and last traded at $15.61, with a volume of 548,949 shares trading hands. The stock had previously closed at $15.36.
Several research firms have weighed in on ISIL. B. Riley reiterated a “buy” rating and set a $15.50 price target on shares of Intersil Corp. in a research note on Monday, May 2nd. Zacks Investment Research downgraded Intersil Corp. from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. MKM Partners began coverage on Intersil Corp. in a research note on Friday, June 24th. They set a “neutral” rating and a $15.50 price target on the stock. Drexel Hamilton reiterated a “buy” rating and set a $17.00 price target (up previously from $16.00) on shares of Intersil Corp. in a research note on Wednesday, June 15th. Finally, Citigroup Inc. boosted their price target on Intersil Corp. from $11.50 to $13.50 and gave the company a “sell” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Intersil Corp. currently has an average rating of “Hold” and a consensus price target of $15.45.
The firm has a 50-day moving average price of $14.61 and a 200-day moving average price of $13.35. The firm has a market capitalization of $2.12 billion and a P/E ratio of 40.982.
Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business earned $134.01 million during the quarter, compared to analyst estimates of $133.44 million. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that Intersil Corp. will post $0.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Tuesday, August 16th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, August 12th.
A hedge fund recently raised its stake in Intersil Corp. stock. Mutual of America Capital Management LLC boosted its stake in Intersil Corp. (NASDAQ:ISIL) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,658 shares of the company’s stock after buying an additional 2,409 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Intersil Corp. worth $1,157,000 as of its most recent SEC filing.
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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