Investment Management of Virginia LLC reduced its stake in Intersil Corp. (NASDAQ:ISIL) by 48.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,806 shares of the company’s stock after selling 173,565 shares during the period. Investment Management of Virginia LLC owned about 0.14% of Intersil Corp. worth $4,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 92.58% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Intersil Corp. (NASDAQ:ISIL) traded up 0.18% during mid-day trading on Monday, hitting $22.23. The stock had a trading volume of 667,783 shares. The firm has a market cap of $3.04 billion, a PE ratio of 61.24 and a beta of 1.23. The firm has a 50 day moving average price of $22.09 and a 200 day moving average price of $17.57. 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 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $137.60 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Intersil Corp. will post $0.74 EPS for the current year.

The company 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 dividend on an annualized basis 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 currently 129.73%.

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ISIL has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Intersil Corp. from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, October 25th. Zacks Investment Research downgraded Intersil Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. B. Riley restated a “buy” rating and set a $17.50 target price on shares of Intersil Corp. in a research note on Monday, August 22nd. Deutsche Bank AG downgraded Intersil Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Drexel Hamilton downgraded Intersil Corp. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $19.00 to $22.50 in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.40.

In other news, SVP Sunil Gupta sold 31,330 shares of Intersil Corp. 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 transaction was disclosed in a legal filing 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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