Intersil Corp. Rating Increased to Buy at Needham & Company (ISIL)
Intersil Corp. (NASDAQ: ISIL) was upgraded by research analysts at Needham & Company from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $13.00 target price on the stock.
Intersil Corp. opened at 10.84 on Tuesday. Intersil Corp. has a 52-week low of $9.80 and a 52-week high of $14.34. The company has a market cap of $1.381 billion and a price-to-earnings ratio of 27.79.
Intersil Corp. last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.01. Intersil Corp.’s revenue was down 21.6% compared to the same quarter last year. Analysts expect that Intersil Corp. will post $0.10 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Intersil Corp. in a research note to investors on Thursday, May 24th. Separately, analysts at Stephens initiated coverage on shares of Intersil Corp. in a research note to investors on Wednesday, May 23rd. They set an “equal weight” rating on the stock.
Intersil Corporation designs, develops, manufactures and markets analog and mixed-signal integrated circuits (ICs).