Canaccord Genuity Reiterates a 'Buy' on Intersil (ISIL); Pick Up in Bottom-Line From Restructuring

May 24, 2012 8:28 AM EDT Send to a Friend
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Price: $12.39 -0.08%

Rating Summary:
    6 Buy, 6 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 10 | New: 20
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Canaccord Genuity reiterates a 'Buy' on Intersil (NASDAQ: ISIL) price target of $13.00.

Analyst, Bobby Burleson, said, "The company released an 8-K with details of cost cutting and associated restructuring charges, allowing us to increase our 2013 EPS estimates meaningfully on higher operating margins. Strong operating leverage, greater confidence on growth, and a sector-high dividend yield keep us BUY rated on ISIL...On a P/E basis, ISIL is currently trading at 14x our revised 2013 EPS of $0.63 plus net cash of $1.70."

For an analyst ratings summary and ratings history on Intersil click here. For more ratings news on Intersil click here.

Shares of Intersil closed at $10.52 yesterday.




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