Intersil Corporation (ISIL) Price Target Raised
January 28, 2010 3:00 PM
Analysts at Broadpoint AmTech have raised the price target for Intersil Corporation (NASDAQ: ISIL) from $21 to $22. The price target has been raised as analysts believe that the extent of organic and inorganic growth at Intersil is being underestimated.
Intersil Corporation posted solid results for the fourth quarter. The company reported better than expected revenues of $177.7 million. The EPS for the fourth quarter was $0.20. According to analysts, the company will sustain its solid performance as it continues to focus on generating greater mix from the high margin Industrials & Communications segment.
Analysts at Broadpoint AmTech have maintained their Buy rating for Intersil Corporation as the structural improvements at the company continue.
