Havens Advisors LLC acquired a new stake in shares of Intersil Corp. (NASDAQ:ISIL) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 175,000 shares of the company’s stock, valued at approximately $3,838,000. Intersil Corp. makes up approximately 3.0% of Havens Advisors LLC’s portfolio, making the stock its 11th largest position. Havens Advisors LLC owned approximately 0.13% of Intersil Corp. at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Intersil Corp. by 5.6% in the second quarter. Vanguard Group Inc. now owns 10,130,109 shares of the company’s stock valued at $137,161,000 after buying an additional 535,915 shares during the period. BlackRock Fund Advisors raised its position in Intersil Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 6,860,617 shares of the company’s stock valued at $92,893,000 after buying an additional 328,163 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Intersil Corp. by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,531,774 shares of the company’s stock valued at $88,440,000 after buying an additional 1,087,723 shares during the period. State Street Corp raised its position in Intersil Corp. by 0.9% in the second quarter. State Street Corp now owns 4,365,899 shares of the company’s stock valued at $59,111,000 after buying an additional 38,507 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in Intersil Corp. by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,924,438 shares of the company’s stock valued at $53,137,000 after buying an additional 130,608 shares during the period. Hedge funds and other institutional investors own 92.58% of the company’s stock.

Institutional Ownership by Quarter for Intersil Corp. (NASDAQ:ISIL)

Shares of Intersil Corp. (NASDAQ:ISIL) traded up 0.18% on Monday, reaching $22.23. The company’s stock had a trading volume of 667,783 shares. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 61.24 and a beta of 1.23. Intersil Corp. has a 1-year low of $10.67 and a 1-year high of $22.76. The stock has a 50-day moving average price of $22.09 and a 200-day moving average price of $17.57.

Intersil Corp. (NASDAQ:ISIL) last issued its earnings results on Monday, October 24th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Intersil Corp. had a return on equity of 8.53% and a net margin of 9.51%. The business had revenue of $139.05 million for the quarter, compared to analyst estimates of $137.60 million. During the same quarter last year, the company earned $0.15 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Intersil Corp. will post $0.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 10th. Intersil Corp.’s dividend payout ratio (DPR) is presently 129.73%.

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A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered Intersil Corp. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $20.00 to $21.00 in a research note on Tuesday, September 6th. They noted that the move was a valuation call. Deutsche Bank AG boosted their price target on Intersil Corp. from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Intersil Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, November 15th. Citigroup Inc. upgraded Intersil Corp. from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $13.50 to $22.50 in a research note on Wednesday, September 14th. Finally, Drexel Hamilton lowered Intersil Corp. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $19.00 to $22.50 in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Intersil Corp. presently has an average rating of “Hold” and a consensus price target of $19.40.

In other news, SVP Sunil Gupta sold 31,330 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $22.11, for a total transaction of $692,706.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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.

5 Day Chart for NASDAQ:ISIL

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