Intersil Corporation (NASDAQ:ISIL) has climbed 1.01% in the past week and advanced 11.69% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.22% and the outperformance has advanced to 10.67% for the last 4 weeks period.
Intersil Corporation (NASDAQ:ISIL): The stock opened at $14.07 on Friday but the bulls could not build on the opening and the stock topped out at $14.21 for the day. The stock traded down to $13.96 during the day, due to lack of any buying support eventually closed down at $14.05 with a loss of -0.21% for the day. The stock had closed at $14.08 on the previous day. The total traded volume was 2,733,442 shares.
The company shares have rallied 1.81% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $14.55 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $12.88 and the 200 Day Moving Average price is recorded at $12.82.
On the companys insider trading activities,The officer (SVP, WW Operations) of Intersil Corp/De, Micallef Andrew sold 4,000 shares at $11.96 on May 10, 2016. The Insider selling transaction had a total value worth of $47,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. CLSA initiates coverage on Intersil Corporation (NASDAQ:ISIL). CLSA has a Underperform rating on the shares. As per the latest report, the brokerage house announces the price target to $12 per share. The rating by the firm was issued on May 17, 2016. Currently the company Insiders own 1.6% of Intersil Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 4.75% . Institutional Investors own 92.38% of Intersil Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 4.75%.
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.