Intersil Corp (ISIL) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.15 EPS for the quarter. Analysts had a consensus estimate of $0.15. The company posted revenue of $129.30 million in the period, compared to analysts expectations of $128.32 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on Intersil Corp. Drexel Hamilton Initiated Intersil Corp on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $16.Intersil Corp was Downgraded by Citigroup to ” Sell” on Feb 3, 2016.
Intersil Corp opened for trading at $12.85 and hit $13.15 on the upside on Friday, eventually ending the session at $13, with a gain of 0.85% or 0.11 points. The heightened volatility saw the trading volume jump to 6,55,908 shares. Company has a market cap of $1,726 M.
In a different news, on Sep 16, 2015, Roger Wendelken (SVP, Worldwide Sales) purchased 9,000 shares at $10.82 per share price. According to the SEC, on Sep 11, 2015, Necip Sayiner (CEO) purchased 38,000 shares at $10.48 per share price.
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.