Intersil Corp. (ISIL) Sets New 52-Week High at $15.67
Intersil Corp. (NASDAQ:ISIL) shares reached a new 52-week high during trading on Friday . The company 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.
A number of research firms recently commented on ISIL. Zacks Investment Research lowered shares of Intersil Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Credit Suisse Group AG reiterated a “hold” rating and set a $13.00 price objective on shares of Intersil Corp. in a research note on Friday, July 29th. Citigroup Inc. raised their price objective on shares of Intersil Corp. from $11.50 to $13.50 and gave the company a “sell” rating in a research note on Friday, July 29th. Deutsche Bank AG raised their price objective on shares of Intersil Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, MKM Partners raised their price objective on shares of Intersil Corp. from $15.50 to $16.00 and gave the company a “neutral” 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.45.
The company has a 50-day moving average price of $14.67 and a 200-day moving average price of $13.37. The stock has a market capitalization of $2.12 billion and a PE ratio of 40.94.
Intersil Corp. (NASDAQ:ISIL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $134.01 million for the quarter, compared to the consensus estimate of $133.44 million. Intersil Corp.’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that Intersil Corp. will post $0.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 3.07%.
A hedge fund recently raised its stake in Intersil Corp. stock. Mutual of America Capital Management LLC increased its stake in shares of Intersil Corp. (NASDAQ:ISIL) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 approximately 0.07% of Intersil Corp. worth $1,157,000 at the end of the most recent reporting 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.