Needham & Company Maintains Bullish Stance on Intersil (ISIL)
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Price: $22.49 --0%
Rating Summary:
6 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
Rating Summary:
6 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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Needham & Company analyst Vernon Essi, Jr. reiterates a Buy rating and $14 price target on Intersil (NASDAQ: ISIL) following meetings with management.
Essi said, "We recently hosted ISIL's CFO with investors in the Midwest region in addition to a site visit with the CEO. ISIL is on track to deliver slight Y/Y revenue growth in 2014 as it transforms its business from disparate product lines into a focused effort targeting specific power mgmt areas that we believe are likely to experience secular growth. We expect this to be accomplished via new product hires, discontinuing investment in non-core products and strong execution. The near-term outlook is intact and we have conviction in our longer-term EPS, which is higher than consensus."
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 $12.53 yesterday.
Essi said, "We recently hosted ISIL's CFO with investors in the Midwest region in addition to a site visit with the CEO. ISIL is on track to deliver slight Y/Y revenue growth in 2014 as it transforms its business from disparate product lines into a focused effort targeting specific power mgmt areas that we believe are likely to experience secular growth. We expect this to be accomplished via new product hires, discontinuing investment in non-core products and strong execution. The near-term outlook is intact and we have conviction in our longer-term EPS, which is higher than consensus."
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 $12.53 yesterday.
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