Intersil Corp. (ISIL) Issues Q4 Earnings Guidance
Intersil Corp. (ISIL) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.06 for the period.
Several analysts have also recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Intersil Corp. from a hold rating to a buy rating in a research note to investors on Monday, October 15th. They now have a $10.00 price target on the stock. On a related note, analysts at Canaccord Genuity reiterated a buy rating on shares of Intersil Corp. in a research note to investors on Wednesday, October 10th. Finally, analysts at JPMorgan Chase downgraded shares of Intersil Corp. from a neutral rating to an underweight rating in a research note to investors on Monday, October 8th. They now have a $5.00 price target on the stock.
Intersil Corp. (ISIL) traded down 2.67% on Wednesday, hitting $6.57. Intersil Corp. (ISIL) has a 52-week low of $6.31 and a 52-week high of $12.97. The company has a market cap of $838.3 million and a price-to-earnings ratio of 68.18.
Intersil Corp. last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.02. The company’s quarterly revenue was down 19.0% on a year-over-year basis. On average, analysts predict that Intersil Corp. (ISIL) will post $-0.12 earnings per share for the current fiscal year.
Intersil Corporation designs, develops, manufactures and markets analog and mixed-signal integrated circuits (ICs).
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