Stephens Starts Stock Coverage on Intersil Corp. (ISIL)

By admin | 6 years ago

Equities researchers at Stephens assumed coverage on shares of Intersil Corp. (NASDAQ: ISIL) in a report issued on Wednesday. The firm set an “equal weight” rating on the stock.

Intersil Corp. traded up 1.52% on Wednesday, hitting $10.68. Intersil Corp. has a 52-week low of $9.80 and a 52-week high of $14.37. The company has a market cap of $1.361 billion and a price-to-earnings ratio of 26.97.

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 $0.09 EPS next quarter.

A number of other firms have also recently commented on ISIL. Analysts at Needham & Company reiterated a “hold” rating on shares of Intersil Corp. in a research note to investors on Friday, May 11st. Separately, 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. Finally, 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.

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

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