Intersil Corporation (ISIL) : Traders are bullish on Intersil Corporation (ISIL) as it has outperformed the S&P 500 by a wide margin of 9.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.56% in the last 1 week, and is up 10.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Intersil Corporation is up 25.31% in the last 3-month period. Year-to-Date the stock performance stands at 26.05%. The stock has recorded a 20-day Moving Average of 4.28% and the 50-Day Moving Average is 9.71%.
Intersil Corporation (NASDAQ:ISIL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.32 and $15.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.64, notching a gain of 1.82% for the day. The total traded volume was 936,235 . The stock had closed at $15.36 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Intersil Corporation (NASDAQ:ISIL). Citigroup has a Sell rating on the shares. As per the latest research report, the brokerage house raises the price target to $13.5 per share from a prior target of $11.5. 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.