Revenue Update on Intersil Corp(NASDAQ:ISIL)

Intersil Corp(NASDAQ:ISIL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $134.01M. Analysts estimated a revenue of $133.44M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.16.

In a different note, MKM Partners said it Initiates Coverage on Intersil Corp, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Neutral’ by the firm. 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 Thursdays trading session with the shares advancing 1.35% or 0.2 points. Due to strong positive momentum, the stock ended at $15.06, which is also near the day’s high of $15.07. The stock began the session at $14.91 and the volume stood at 8,42,912 shares. The 52-week high of the shares is $15.53 and the 52 week low is $9.2. The company has a current market capitalization of $2,041 M and it has 13,54,96,590 shares in outstanding.

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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