Intersil Corp/de (ISIL): Andrew Micallef , SVP, WW Operations of Intersil Corp/de sold 4,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $11.96 per share for a total value of $47,835.20 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Richard D Jr Crowley (CFO) purchased 5,000 shares at $11.69 per share price.On May 4, 2016, Roger Wendelken (SVP, Worldwide Sales) purchased 10,000 shares at $11.70 per share price.Also, On May 4, 2016, Necip Sayiner (CEO) purchased 22,000 shares at $11.61 per share price.
Intersil Corp: On Tuesday, May 10, 2016 heightened volatility was witnessed in Intersil Corp which led to swings in the share price. The shares opened for trading at $11.98 and hit $12.11 on the upside , eventually ending the session at $12.04, with a gain of 0.92% or 0.11 points. The heightened volatility saw the trading volume jump to 5,64,562 shares. The 52-week high of the share price is $14.55 and the company has a market cap of $1,625 M . The 52-week low of the share price is at $9.2.
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.