Zacks lowered shares of Intersil Corp. (NASDAQ:ISIL) from an outperform rating to a neutral rating in a report released on Tuesday, ARN reports. Zacks currently has $11.80 price objective on the stock.
Zacks has also modified their ratings on a number of other information technology stocks in the few days. The firm reiterated its neutral rating on shares of Texas Instruments Incorporated. They have a $42.00 price target on that stock. Also, Zacks downgraded shares of Cypress Semiconductor Corp. from an outperform rating to a neutral rating. Their analysts now have a $9.75 price target on that stock.
Intersil Corp. (NASDAQ:ISIL) traded down 1.18% during mid-day trading on Tuesday, hitting $10.93. The stock had a trading volume of 182,997 shares. Intersil Corp. has a 52 week low of $6.31 and a 52 week high of $11.46. The stock has a 50-day moving average of $10.85 and a 200-day moving average of $8.95. The company’s market cap is $1.391 billion.
Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.06. The company had revenue of $144.80 million for the quarter, compared to the consensus estimate of $138.35 million. During the same quarter last year, the company posted $0.08 earnings per share. Intersil Corp.’s revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Intersil Corp. will post $0.53 EPS for the current fiscal year.
ISIL has been the subject of a number of other recent research reports. Analysts at B. Riley raised their price target on shares of Intersil Corp. (NASDAQ:ISIL) to $13.00 in a research note to investors on Friday, September 27th. They now have a buy rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Intersil Corp. (NASDAQ:ISIL) from $14.00 to $15.00 in a research note to investors on Tuesday, September 24th. They now have a buy rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Intersil Corp. (NASDAQ:ISIL) from $13.00 to $14.00 in a research note to investors on Wednesday, September 11th. They now have a buy rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and an average target price of $10.31.
Intersil Corporation manufactures and markets analog, mixed-signal, and power management integrated circuits (NASDAQ:ISIL).
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