Intersil Corp. (NASDAQ:ISIL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a $11.80 price target on the stock. Zacks‘ target price points to a potential upside of 9.16% from the stock’s previous close.
Shares of Intersil Corp. (NASDAQ:ISIL) traded down 0.37% on Thursday, hitting $10.77. The stock had a trading volume of 355,904 shares. Intersil Corp. has a one year low of $6.31 and a one year high of $11.18. The stock’s 50-day moving average is $9.17 and its 200-day moving average is $8.44. The company’s market cap is $1.370 billion.
Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings results 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 in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. Analysts expect that Intersil Corp. will post $0.49 EPS for the current fiscal year.
ISIL has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Intersil Corp. from $8.00 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Intersil Corp. from $11.00 to $13.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Intersil Corp. from $7.00 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock.
Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.08.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 30th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Friday, August 16th.
In other Intersil Corp. news, SVP David Loftus sold 29,999 shares of Intersil Corp. stock on the open market in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $10.85, for a total transaction of $325,489.15. Following the completion of the sale, the senior vice president now directly owns 5,226 shares in the company. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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