Analyst Price Target Update on Intersil Corporation (NASDAQ:ISIL)

Intersil Corporation (NASDAQ:ISIL): 6 analysts have set the short term price target of Intersil Corporation (NASDAQ:ISIL) at $14.92. The standard deviation of short term price target has been estimated at $1.5, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 16 and $12 respectively.

Many analysts have stated their opinion on the company shares. CLSA initiates coverage on Intersil Corporation (NASDAQ:ISIL) The brokerage firm has issued a Underperform rating on the shares. The Analysts at the ratings agency announces the price target to $12 per share. The rating by the firm was issued on May 17, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, WW Operations) of Intersil Corp/De, Micallef Andrew had sold 4,000 shares worth of $47,840 in a transaction dated May 10, 2016. In this transaction, 4,000 shares were sold at $11.96 per share.

Intersil Corporation (NASDAQ:ISIL) : On Monday heightened volatility was witnessed in Intersil Corporation (NASDAQ:ISIL) which led to swings in the share price. The stock opened for trading at $13.83 and hit $14.035 on the upside , eventually ending the session at $13.93, with a gain of 0.14% or 0.02 points. The heightened volatility saw the trading volume jump to 910,305 shares. The 52-week high of the share price is $14.55 and the company has a market cap of $1,880 million. The 52-week low of the share price is at $9.2 .

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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