Canaccord Genuity Reiterates a 'Buy' on Intersil (ISIL); Pick Up in Bottom-Line From Restructuring
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Price: $7.92 --0%
Rating Summary:
3 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 14 | New: 28
Rating Summary:
3 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 14 | New: 28
Trade ISIL Now!
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, with a 52 week range of $9.80-$14.37.
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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, with a 52 week range of $9.80-$14.37.
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