Intersil Corp. (ISIL) Price Target Raised to $22.50
Intersil Corp. (NASDAQ:ISIL) had its target price increased by Deutsche Bank AG from $21.00 to $22.50 in a research note published on Tuesday morning. The brokerage currently has a buy rating on the stock.
ISIL has been the topic of a number of other research reports. Zacks Investment Research upgraded Intersil Corp. from a sell rating to a hold rating in a report on Thursday, June 16th. MKM Partners assumed coverage on Intersil Corp. in a report on Friday, June 24th. They set a neutral rating and a $15.50 price target on the stock. B. Riley restated a buy rating and set a $17.50 price target on shares of Intersil Corp. in a report on Wednesday, August 3rd. TheStreet upgraded Intersil Corp. from a hold rating to a buy rating in a report on Friday, June 24th. Finally, Drexel Hamilton restated a buy rating and set a $17.00 price target (up previously from $16.00) on shares of Intersil Corp. in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Intersil Corp. currently has an average rating of Hold and a consensus price target of $18.00.
Shares of Intersil Corp. (NASDAQ:ISIL) opened at 21.71 on Tuesday. The stock has a 50 day moving average price of $17.15 and a 200 day moving average price of $14.22. The stock has a market capitalization of $2.94 billion, a P/E ratio of 56.83 and a beta of 1.29. Intersil Corp. has a 52 week low of $10.67 and a 52 week high of $21.85.
Intersil Corp. (NASDAQ:ISIL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Intersil Corp. had a return on equity of 7.49% and a net margin of 9.92%. 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 business earned $0.16 EPS. Intersil Corp.’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Intersil Corp. will post $0.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Tuesday, August 16th were given a $0.12 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.48 annualized dividend and a yield of 2.21%. Intersil Corp.’s dividend payout ratio (DPR) is presently 123.08%.
Institutional investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its position in Intersil Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 7,994 shares of the company’s stock valued at $108,000 after buying an additional 3,470 shares during the period. Invictus RG acquired a new position in Intersil Corp. during the first quarter valued at about $134,000. Public Employees Retirement System of Ohio boosted its position in Intersil Corp. by 3.8% in the second quarter. Public Employees Retirement System of Ohio now owns 10,067 shares of the company’s stock valued at $136,000 after buying an additional 367 shares during the period. Fox Run Management L.L.C. acquired a new position in Intersil Corp. during the second quarter valued at about $137,000. Finally, Connable Office Inc. boosted its position in Intersil Corp. by 2.4% in the first quarter. Connable Office Inc. now owns 10,676 shares of the company’s stock valued at $143,000 after buying an additional 251 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.
About Intersil Corp.
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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