Intersil Corp. (ISIL) Sees Large Volume Increase
Shares of Intersil Corp. (NASDAQ:ISIL) saw unusually-high trading volume on Thursday . Approximately 3,010,400 shares traded hands during mid-day 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.
ISIL has been the topic of a number of recent research reports. Credit Suisse Group AG reissued a “hold” rating and issued a $13.00 target price on shares of Intersil Corp. in a report on Friday, July 29th. Zacks Investment Research raised shares of Intersil Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 7th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Intersil Corp. in a report on Wednesday, June 15th. B. Riley reissued a “buy” rating and issued a $17.50 target price on shares of Intersil Corp. in a report on Monday, August 22nd. Finally, Credit Agricole SA initiated coverage on shares of Intersil Corp. in a report on Monday, May 16th. They issued an “underperform” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.54.
The company’s 50-day moving average price is $15.84 and its 200-day moving average price is $13.77. The company has a market cap of $2.74 billion and a price-to-earnings ratio of 53.01.
Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $134.01 million for the quarter, compared to the consensus estimate of $133.44 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts expect that Intersil Corp. will post $0.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 16th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 2.37%.
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.