Trade Report: Today, Intersil Corp. (ISIL) Short Interest Update

Today, Intersil Corp. (ISIL) Short Interest Update

Intersil Corp. (NASDAQ:ISIL) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,364,804 shares, a growth of 27.9% from the August 31st total of 2,630,612 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 10,375,056 shares, the short-interest ratio is currently 0.3 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC raised its position in Intersil Corp. by 13.6% in the first quarter. Aperio Group LLC now owns 24,645 shares of the company’s stock worth $330,000 after buying an additional 2,941 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Intersil Corp. by 17.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,369 shares of the company’s stock valued at $526,000 after buying an additional 5,765 shares during the period. TIAA CREF Investment Management LLC increased its stake in Intersil Corp. by 7.8% in the first quarter. TIAA CREF Investment Management LLC now owns 459,289 shares of the company’s stock valued at $6,141,000 after buying an additional 33,376 shares during the period. Teachers Advisors Inc. increased its stake in Intersil Corp. by 16.5% in the first quarter. Teachers Advisors Inc. now owns 1,078,019 shares of the company’s stock valued at $14,413,000 after buying an additional 152,444 shares during the period. Finally, Prudential Financial Inc. increased its stake in Intersil Corp. by 863.7% in the first quarter. Prudential Financial Inc. now owns 813,631 shares of the company’s stock valued at $10,878,000 after buying an additional 729,200 shares during the period. 92.30% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on ISIL shares. Stifel Nicolaus lowered shares of Intersil Corp. from a “buy” rating to a “hold” rating and upped their price target for the stock from $20.00 to $21.00 in a research report on Tuesday, September 6th. They noted that the move was a valuation call. TheStreet raised shares of Intersil Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 24th. MKM Partners upped their price objective on shares of Intersil Corp. from $15.50 to $16.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Zacks Investment Research raised shares of Intersil Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, July 28th. Finally, Deutsche Bank AG upped their price objective on shares of Intersil Corp. from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.00.

Shares of Intersil Corp. (NASDAQ:ISIL) opened at 22.12 on Friday. Intersil Corp. has a 12-month low of $10.67 and a 12-month high of $22.76. The firm’s 50-day moving average price is $20.41 and its 200 day moving average price is $15.25. The firm has a market cap of $3.00 billion, a P/E ratio of 57.91 and a beta of 1.28.

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

About Intersil Corp.

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