Intersil Corp/de (ISIL) Files Form 4 Insider Buying : Necip Sayiner Buys 22,000 Shares

Intersil Corp/de (ISIL): Necip Sayiner , CEO of Intersil Corp/de purchased 22,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.61 per share for a total value of $255,486.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2015, Roger Wendelken (SVP, Worldwide Sales) purchased 9,000 shares at $10.82 per share price.On Sep 11, 2015, Necip Sayiner (CEO) purchased 38,000 shares at $10.48 per share price.

Shares of Intersil Corp (ISIL) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -1.02% at $11.61 with 9,12,305 shares getting traded. Post opening the session at $11.68, the shares hit an intraday low of $11.5 and an intraday high of $11.735 and the price vacillated in this range throughout the day. The company has a market cap of $1,567 M and the number of outstanding shares has been calculated to be 13,49,79,660 shares. The 52-week high of Intersil Corp is $14.55 and the 52-week low is $9.2.

Intersil Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Intersil Corp is Initiated by Drexel Hamilton to Buy and the brokerage firm has set the Price Target at $16. The Rating was issued on Mar 2, 2016.

Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits (IC). The Company caters to infrastructure industrial automotive consumer instrumentation and measurement light emitting diode (LED) lighting medical military networking and communications security and surveillance radiation hardened video and computing markets. It supplies a range of power IC solutions for battery management processor power management and display power management including power regulators converters and controllers as well as integrated power modules. The Company also provides precision analog components. The Company’s product groups are power management amplifiers and buffers audio and video data converters end market specific interface optoelectronics space and harsh environment switches/multiplexers (MUXes)/crosspoints timing and digital and other analog.

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