MKM Partners Initiates Coverage on Intersil Corp to Neutral

MKM Partners Initiates Coverage on Intersil Corp(NASDAQ:ISIL). The shares have been rated Neutral. The rating by MKM Partners was issued on Jun 24, 2016.

In a different note, CLSA said it Initiates Coverage on Intersil Corp, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm.

Intersil Corp (ISIL) made into the market gainers list on Wednesdays trading session with the shares advancing 1.24% or 0.16 points. Due to strong positive momentum, the stock ended at $13.09, which is also near the day’s high of $13.23. The stock began the session at $13.12 and the volume stood at 8,88,340 shares. The 52-week high of the shares is $14.55 and the 52 week low is $9.2. The company has a current market capitalization of $1,767 M and it has 13,49,79,660 shares in outstanding.

Intersil Corp(ISIL) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $129.28M. Analysts had an estimated revenue of $128.19M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Andrew Micallef (SVP, WW Operations) sold 4,000 shares at $11.96 per share price.Also, 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.

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