Mutual of America Capital Management LLC increased its stake in shares of Intersil Corp. (NASDAQ:ISIL) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,967 shares of the company’s stock after buying an additional 3,983 shares during the period. Mutual of America Capital Management LLC’s holdings in Intersil Corp. were worth $2,280,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. GWM Advisors LLC acquired a new stake in shares of Intersil Corp. during the third quarter valued at about $452,000. Kassirer Asset Management Corp acquired a new stake in shares of Intersil Corp. during the third quarter valued at about $700,000. First New York Securities LLC NY acquired a new stake in shares of Intersil Corp. during the third quarter valued at about $110,000. Havens Advisors LLC acquired a new stake in shares of Intersil Corp. during the third quarter valued at about $3,838,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Intersil Corp. by 4.1% in the third quarter. Nisa Investment Advisors LLC now owns 7,700 shares of the company’s stock valued at $169,000 after buying an additional 300 shares in the last quarter. 92.58% of the stock is owned by institutional investors and hedge funds.
Intersil Corp. (NASDAQ:ISIL) traded up 0.18% during mid-day trading on Monday, reaching $22.23. The company’s stock had a trading volume of 667,783 shares. The company has a 50 day moving average of $22.10 and a 200-day moving average of $17.73. The stock has a market cap of $3.04 billion, a PE ratio of 61.24 and a beta of 1.23. Intersil Corp. has a 52-week low of $10.67 and a 52-week high of $22.76.
Intersil Corp. (NASDAQ:ISIL) last posted its earnings results on Monday, October 24th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The firm had revenue of $139.05 million for the quarter, compared to analyst estimates of $137.60 million. Intersil Corp. had a return on equity of 8.53% and a net margin of 9.51%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Equities analysts forecast that Intersil Corp. will post $0.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.16%. Intersil Corp.’s dividend payout ratio (DPR) is 129.73%.
Several equities research analysts recently issued reports on ISIL shares. B. Riley reissued a “buy” rating and issued a $17.50 price objective on shares of Intersil Corp. in a research note on Wednesday, August 3rd. Zacks Investment Research lowered Intersil Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Stifel Nicolaus upped their target price on Intersil Corp. from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Deutsche Bank AG upped their target price on Intersil Corp. from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Finally, Drexel Hamilton lowered Intersil Corp. from a “buy” rating to a “hold” rating and upped their target price for the stock from $19.00 to $22.50 in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Intersil Corp. currently has a consensus rating of “Hold” and an average price target of $19.40.
In other news, SVP Sunil Gupta sold 31,330 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $22.11, for a total value of $692,706.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.
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.