Analyst Rating Update on Intersil Corporation (ISIL)

Intersil Corporation (NASDAQ:ISIL) : Zacks Investment Research ranks Intersil Corporation (NASDAQ:ISIL) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.78, which indicates as a Buy.

Intersil Corporation (NASDAQ:ISIL) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $12. The average forecast of all the analysts is $15.25 and the expected standard deviation is $1.46.

Company shares have received an average consensus rating of Hold for the current week Also, MKM Partners initiates coverage on Intersil Corporation (NASDAQ:ISIL) In a research note issued to the investors, the brokerage major announces price-target of $15.5 per share.The shares have been rated Neutral. The rating by the firm was issued on June 24, 2016.

Intersil Corporation (NASDAQ:ISIL): stock turned positive on Tuesday. Though the stock opened at $12.71, the bulls momentum made the stock top out at $13.07 level for the day. The stock recorded a low of $12.675 and closed the trading day at $12.93, in the green by 2.54%. The total traded volume for the day was 1,161,618. The stock had closed at $12.61 in the previous days trading.

In an insider trading activity, The officer (SVP, WW Operations), of Intersil Corp/De, Micallef Andrew had unloaded 4,000 shares at $11.96 per share in a transaction on May 10, 2016. The total value of transaction was $47,840. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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