Intersil Corporation (ISIL) has risen sharply, recording gains of 5.98% in the past 4 weeks. However, the stock has corrected -0.72% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.6% and the 50-Day Moving Average is 7.38%. Intersil Corporation (NASDAQ:ISIL): stock turned positive on Friday. Though the stock opened at $15.1, the bulls momentum made the stock top out at $15.27 level for the day. The stock recorded a low of $15.06 and closed the trading day at $15.25, in the green by 0.07%. The total traded volume for the day was 861,387. The stock had closed at $15.24 in the previous days trading.
The company Insiders own 1.6% of Intersil Corporation shares according to the proxy statements. Institutional Investors own 90.96% of Intersil Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 4.75%. Also, Citigroup maintains its view on Intersil Corporation (NASDAQ:ISIL) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Citigroup raises the price target from $11.5 per share to $13.5 per share on Intersil Corporation. The rating by the firm was issued on July 29, 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 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.