Dividend Flows: $0.12 dividends are now a reality for Intersil Corporation (NASDAQ:ISIL) shareholders. Here’s why.

Dividend Flows: $0.12 dividends are now a reality for Intersil Corporation (NASDAQ:ISIL) shareholders. Here's why.

Intersil Corporation (NASDAQ:ISIL) is expected to pay $0.12 on Nov 28, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Intersil Corporation’s current price of $22.10, the dividend is 0.54%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 25, 2016. The stock increased 0.05% or $0.01 during the last trading session, hitting $22.1. Intersil Corp (NASDAQ:ISIL) has risen 71.19% since April 7, 2016 and is uptrending. It has outperformed by 66.40% the S&P500.

Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits . The company has a market cap of $3.03 billion. The Firm provides power management and precision analog technology for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets. It has a 60.51 P/E ratio. It supplies a range of power IC solutions for battery management, processor power management and display power management, including power regulators, converters and controllers, as well as integrated power modules.

Insitutional Activity: The institutional sentiment decreased to 1.37 in 2016 Q2. Its down 0.14, from 1.51 in 2016Q1. The ratio worsened, as 22 funds sold all Intersil Corp shares owned while 56 reduced positions. 28 funds bought stakes while 79 increased positions. They now own 124.96 million shares or 1.30% more from 123.36 million shares in 2016Q1.
The Maryland-based Price T Rowe Md has invested 0.01% in Intersil Corp (NASDAQ:ISIL). Advantus Capital Management reported 16,347 shares or 0.01% of all its holdings. Wells Fargo & Company Mn reported 147,258 shares or 0% of all its holdings. Aqr Management Llc holds 976,679 shares or 0.02% of its portfolio. Hbk L P holds 0% of its portfolio in Intersil Corp (NASDAQ:ISIL) for 32,400 shares. Cornerstone Mngmt Ltd Liability holds 0% of its portfolio in Intersil Corp (NASDAQ:ISIL) for 22,288 shares. Panagora Asset Mngmt holds 0% of its portfolio in Intersil Corp (NASDAQ:ISIL) for 15,841 shares. Tiaa Cref Limited has 0.01% invested in the company for 484,654 shares. Gateway Inv Advisers Ltd Limited Liability Company has 39,143 shares for 0% of their US portfolio. The New York-based Citigroup has invested 0.01% in Intersil Corp (NASDAQ:ISIL). Gsa Prtnrs Llp owns 24,016 shares or 0.02% of their US portfolio. California State Teachers Retirement Systems accumulated 0.01% or 282,124 shares. Prudential Financial has 0.01% invested in the company for 623,461 shares. Paloma Prtn Mngmt holds 43,108 shares or 0.01% of its portfolio. Deutsche National Bank & Trust Ag accumulated 680,465 shares or 0.01% of the stock.

Intersil Corp (NASDAQ:ISIL) Ratings Coverage

Out of 11 analysts covering Intersil Corporation (NASDAQ:ISIL), 4 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 36% are positive. Intersil Corporation has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Intersil Corp (NASDAQ:ISIL) has “Neutral” rating given on Friday, July 29 by M Partners. The firm earned “Neutral” rating on Wednesday, September 14 by Citigroup. The firm earned “Neutral” rating on Friday, June 24 by M Partners. B. Riley & Co downgraded Intersil Corp (NASDAQ:ISIL) on Wednesday, September 14 to “Neutral” rating. Deutsche Bank maintained it with “Buy” rating and $22.50 target price in Tuesday, September 13 report. The firm earned “Buy” rating on Friday, August 26 by Briley. Stifel Nicolaus downgraded the shares of ISIL in a report on Wednesday, September 7 to “Hold” rating. On Tuesday, September 13 the stock rating was downgraded by Drexel Hamilton to “Hold”. The rating was upgraded by Zacks to “Sell” on Friday, August 28. Citigroup downgraded Intersil Corp (NASDAQ:ISIL) on Wednesday, February 3 to “Sell” rating.

More notable recent Intersil Corp (NASDAQ:ISIL) news were published by: Natlawreview.com which released: “Renesas Electronics Corp. and Intersil Corp.: Upcoming/New CFIUS Filing” on November 06, 2016, also Prnewswire.com with their article: “Intersil Corporation Reports Strong Quarterly Results” published on October 24, 2016, Fool.com published: “Why Intersil Corp. Stock Surged Today” on August 31, 2016. More interesting news about Intersil Corp (NASDAQ:ISIL) were released by: Fool.com and their article: “Why Intersil Corp. Stock Popped Today” published on September 13, 2016 as well as Fool.com‘s news article titled: “Why Intersil Corp. Stock Soared Today” with publication date: August 22, 2016.

ISIL Company Profile

Intersil Corporation, incorporated on June 2, 1999, is engaged in designing and developing power management and precision analog integrated circuits (IC). The Firm provides power management and precision analog technology for applications in the infrastructure, industrial, automotive, military, aerospace, computing and consumer markets. It supplies a range of power IC solutions for battery management, processor power management and display power management, including power regulators, converters and controllers, as well as integrated power modules. The Firm also provides precision analog components, such as amplifiers and buffers, proximity and light sensors, data converters, optoelectronics, video decoders and interface products. It is also a supplier of radiation-hardened devices to the military and aerospace industries. The Firm operates in approximately two market categories, including industrial and infrastructure, and computing and consumer. It markets products for sale to its customers, including distributors and other resellers, primarily in China, the United States, South Korea, Japan, Germany, Singapore and Taiwan.

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