Intersil Corp. (ISIL) Sees Strong Trading Volume
Shares of Intersil Corp. (NASDAQ:ISIL) saw an uptick in trading volume on Thursday . 3,010,400 shares were traded during trading, an increase of 32% from the previous session’s volume of 2,287,364 shares.The stock last traded at $19.82 and had previously closed at $19.74.
Several research firms recently weighed in on ISIL. B. Riley reissued a “buy” rating and set a $17.50 price objective on shares of Intersil Corp. in a research note on Wednesday, August 3rd. Credit Suisse Group AG reissued a “hold” rating and set a $13.00 price objective on shares of Intersil Corp. in a research note on Friday, July 29th. 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 Agricole SA began coverage on shares of Intersil Corp. in a research note on Monday, May 16th. They set an “underperform” rating and a $12.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Intersil Corp. in a research note on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.54.
The stock has a market cap of $2.74 billion and a price-to-earnings ratio of 52.88. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $13.86.
Intersil Corp. (NASDAQ:ISIL) last released its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. During the same period in the prior year, the company posted $0.16 EPS. The firm had revenue of $134.01 million for the quarter, compared to analyst estimates of $133.44 million. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Intersil Corp. will post $0.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 16th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, August 12th.
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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