Needham & Company Reiterates Hold on Intersil Corp. (ISIL)

By admin | 6 years ago

Intersil Corp. (NASDAQ: ISIL)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company in a report released on Friday.

Shares of Intersil Corp. opened at 10.63 on Friday. Intersil Corp. has a one year low of $9.80 and a one year high of $15.50. The company has a market cap of $1.355 billion and a P/E ratio of 27.26.

Intersil Corp. last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01. The company’s quarterly revenue was down 21.6% on a year-over-year basis. On average, analysts predict that Intersil Corp. will post $0.09 earnings per share next quarter.

A number of other analysts have also recently weighed in on ISIL. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Intersil Corp. in a research note to investors on Wednesday, May 9th. They now have a $13.00 price target on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Intersil Corp. to $15.00 in a research note to investors on Wednesday, May 9th. Finally, analysts at Craig Hallum upgraded shares of Intersil Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, March 9th. They now have a $14.00 price target on the stock.

Intersil Corporation designs, develops, manufactures and markets analog and mixed-signal integrated circuits (ICs).

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