Intersil Corp (ISIL) Releases Earnings Results, Beats Expectations By $0.01 EPS

Intersil Corp (ISIL) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.16. The company posted revenue of $134.01 million in the period, compared to analysts expectations of $133.35 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Intersil Corp. MKM Partners Initiated Intersil Corp on Jun 24, 2016 to “Neutral”, Price Target of the shares are set at $15.50.Company shares were Reiterated by Drexel Hamilton on Jun 16, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Credit Agricole Initiated Intersil Corp on May 17, 2016 to “Underperform”, Price Target of the shares are set at $12.

Intersil Corp closed down -0.08 points or -0.53% at $15.09 with 9,45,271 shares getting traded on Thursday. Post opening the session at $15.08, the shares hit an intraday low of $14.91 and an intraday high of $15.14 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 12, 2016, Andrew Micallef (SVP, WW Operations) sold 4,000 shares at $11.96 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.

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.

Intersil Corp

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