Intersil Corp. (NASDAQ:ISIL)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Wednesday, Analyst Ratings Network reports. They currently have a $10.00 target price on the stock, down from their previous target price of $11.00. Deutsche Bank’s price target indicates a potential downside of 2.06% from the stock’s previous close.
Intersil Corp. (NASDAQ:ISIL) opened at 10.21 on Wednesday. Intersil Corp. has a 1-year low of $6.31 and a 1-year high of $10.65. The stock’s 50-day moving average is currently $8.14. The company’s market cap is $1.299 billion.
Intersil Corp. (NASDAQ:ISIL) last released its earnings data on Tuesday, July 30th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $144.80 million for the quarter, compared to the consensus estimate of $138.35 million. During the same quarter last year, the company posted $0.08 earnings per share. Intersil Corp.’s revenue was down 11.2% compared to the same quarter last year. Analysts expect that Intersil Corp. will post $0.02 EPS for the current fiscal year.
A number of other firms have also recently commented on ISIL. Analysts at Craig Hallum upgraded shares of Intersil Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Needham & Company upgraded shares of Intersil Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $12.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of Intersil Corp. in a research note to investors on Monday, June 3rd. They set an “overweight” rating and a $10.50 price target on the stock.
Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.03.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 30th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Friday, August 16th.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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