Oppenheimer Reiterates a Hold Rating on Intersil Corp.

In a report released today, Rick Schafer from Oppenheimer reiterated a Hold rating on Intersil Corp. (NASDAQ: ISIL). The company’s shares opened today at $22.08, close to its 52-week high of $22.76.

Schafer wrote:

“ISIL reported 3Q sales/EPS of $139M/$0.22, ahead of the consensus estimate of $138M/$0.19. GM/OM of 60.7%/25.7% came in ahead of ISIL’s 60%/25% target model. Results were driven by particular strength in Computing. Management declined to provide guidance for 4Q or hold a conference call, citing the pending acquisition by Renesas.”

According to TipRanks.com, Schafer is a top 25 analyst with an average return of 15.5% and a 72.3% success rate. Schafer covers the Technology sector, focusing on stocks such as Adesto Technologies Corp, Peregrine Semiconductor, and Advanced Micro Devices.

Intersil Corp. has an analyst consensus of Hold, with a price target consensus of $20.90.

Intersil Corp.’s market cap is currently $2.99B and has a P/E ratio of 56.62. The company has a book value ratio of 3.1437.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2016, Andrew Micallef, a the SVP, WW Operations of ISIL sold 4,000 shares for a total of $47,800.

Intersil Corp. designs, develops, manufactures and markets high-performance analog and mixed-signal integrated circuits. The company offers a portfolio of application specific standard products and general purpose proprietary products for the industrial, computing, consumer and communications markets. Its industrial products category includes operational amplifiers, bridge drivers, isolated and non-isolated power management products, switches and multiplexers, video decoders, and other standard analog and power management products. The company operates through one segment, designs and develops innovative power management and precision analog integrated circuits. Intersil was founded in August 1999 and is headquartered in Milpitas, CA.