Todays Report: The Strs Ohio Increases Position in Intersil Corp. (ISIL)

The Strs Ohio Increases Position in Intersil Corp. (ISIL)

Strs Ohio increased its stake in shares of Intersil Corp. (NASDAQ:ISIL) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 83,500 shares of the company’s stock after buying an additional 1,100 shares during the period. Strs Ohio’s holdings in Intersil Corp. were worth $1,130,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. raised its stake in shares of Intersil Corp. by 4.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,793,830 shares of the company’s stock valued at $50,724,000 after buying an additional 162,448 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in shares of Intersil Corp. by 12.6% in the second quarter. Hermes Investment Management Ltd. now owns 1,586,329 shares of the company’s stock valued at $21,479,000 after buying an additional 177,431 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Intersil Corp. during the second quarter valued at about $137,000. HBK Investments L P acquired a new stake in shares of Intersil Corp. during the first quarter valued at about $751,000. Finally, Invictus RG acquired a new stake in shares of Intersil Corp. during the first quarter valued at about $134,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

Intersil Corp. (NASDAQ:ISIL) traded down 0.05% during mid-day trading on Thursday, reaching $22.09. The company had a trading volume of 1,687,145 shares. Intersil Corp. has a 1-year low of $10.67 and a 1-year high of $22.76. The company has a market capitalization of $2.99 billion, a PE ratio of 57.83 and a beta of 1.28. The firm has a 50-day moving average of $20.98 and a 200 day moving average of $15.51.

Intersil Corp. (NASDAQ:ISIL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company earned $134.01 million during the quarter, compared to analysts’ expectations of $133.44 million. Intersil Corp. had a return on equity of 7.49% and a net margin of 9.92%. Intersil Corp.’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, analysts predict that Intersil Corp. will post $0.67 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on ISIL. Deutsche Bank AG raised their target price on Intersil Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research lowered Intersil Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. B. Riley lowered Intersil Corp. to a “neutral” rating and set a $22.50 price objective for the company. in a report on Monday, September 19th. MKM Partners assumed coverage on Intersil Corp. in a report on Friday, June 24th. They issued a “neutral” rating and a $15.50 price objective for the company. Finally, TheStreet raised Intersil Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

Intersil Corp. Company Profile

Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits (IC). The Company provides power management and precision analog technology for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets.

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