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ISIL $22.49

ISIL target price
22.49
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Intersil
Type
Subsidiary
Founded 1967, 1999
Headquarters Milpitas, California,
United States
Key people
Necip Sayiner, EVP, President and CEO
Products Semiconductors
Revenue Decrease US$ 562.6 million (2014)
Net income
Increase US$ 54.8 million (2014)
Number of employees
1031
Website www.intersil.com

Intersil is an American semiconductor company headquartered in Milpitas, California. As of February 24, 2017, Intersil is a subsidiary of Renesas. The original Intersil was formed in August 1999 through the acquisition of the semiconductor business of Harris Corporation. Intersil is a power management IC business, with specialized capability in power management and precision analog technology for applications in industrial, infrastructure, mobile, automotive and aerospace.

The original Intersil, Inc. was founded in 1967 by the Swiss physicist Jean Hoerni to develop digital watch Integrated Circuits (ICs). The European subsidiary Eurosil was originally partially funded by SSIH, a Swiss watch company. Later-on, Intersil had a development contract with the Japanese company Daini Seikosha and became supplier of low-voltage CMOS watch ICs for Seiko. When microprocessors emerged to the market in the 1970s, Intersil participated with its 12-bit IM6100, which was the first microprocessor produced in CMOS technology and emulated the PDP-8 instruction set. In 1988 Intersil was taken over by Harris Semiconductor, which had offered the IM6100 as second source. Harris combined these activities with the semiconductor divisions of Radiation Incorporated, General Electric and RCA they had taken over before.

In 1999 Harris spun off its entire semiconductor division and Intersil Corporation was created with the largest IPO in American semiconductor industry history. The second Intersil Corporation is a different company from the original Intersil, Inc.

Next to digital circuits like microprocessors and memories like the 1k-bit CMOS RAM IM6508 and CMOS EPROMS IM6604/IM6654 Intersil designed famous analogue ICs like the ICM8038 waveform generator. A creation of Intersil (as Harris Semiconductor) is the PRISM line of Wi-Fi hardware: that group of products was sold to GlobespanVirata in 2003, and maintained by Conexant. Intersil is the manufacturer of the RCA (CDP)1802 microprocessor (also known as RCA COSMAC), a CPU traditionally used in space applications.

In the 2000s, Intersil established market leadership in Vcore power management for PCs, switching and buck boost regulators for industrial and consumer power systems, and radiation hardened analog and power ICs for military and commercial applications.

The company, under CEO Dave Bell, then began the expansion of a catalog analog business. The company also completed a series of acquisitions, two of which are still part of the portfolio, Zilker Labs digital power devices and Techwell automotive and security and surveillance products.

In 2012, with revenue in decline, the company's board of directors removed Dave Bell and began a search for a new CEO. In March 2013, the board appointed Necip Sayiner, the architect of Silicon Labs' turnaround, as CEO. Sayiner concentrated the company's efforts on power management and select target markets. The company was able to return to profitability in 2013 and in early 2014 re-launched as a power management company, with products to improve power efficiency, extend battery life and reduce size.

Japanese semiconductor company Renesas acquired Intersil on February 24, 2017.

Intersil develops and markets power management and analog technology for applications in the industrial, infrastructure, mobile, automotive and aerospace markets.

The company supplies power integrated circuits including battery management, computing power, display power, regulators and controllers and power modules; as well as analog components such as amplifiers and buffers, proximity and light sensors, data converters, timing products, optoelectronics and interface products.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-24 Initiated Coverage MKM Partners Neutral to Neutral $15.50
2016-06-15 Reiterated Rating Oppenheimer Hold
2016-06-15 Reiterated Rating Drexel Hamilton Buy $16.00 to $17.00
2016-06-15 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-05-16 Initiated Coverage Credit Agricole Underperform $12.00
2016-05-16 Initiated Coverage Credit Agricole SA Underperform $12.00
2016-05-02 Reiterated Rating B. Riley Buy $15.50
2016-04-27 Reiterated Rating Oppenheimer Hold
2016-04-27 Reiterated Rating B. Riley Buy $15.50
2016-04-26 Reiterated Rating Drexel Hamilton Buy
2016-03-02 Initiated Coverage Wedbush Outperform $16.00
2016-03-01 Initiated Coverage Drexel Hamilton Buy $16.00
2016-02-27 Reiterated Rating B. Riley Buy $15.50
2016-02-22 Reiterated Rating B. Riley Buy $15.50
2016-02-03 Downgrade Citigroup Inc. Neutral to Sell $11.50
2016-02-02 Reiterated Rating B. Riley Buy $15.50
2016-01-28 Reiterated Rating B. Riley Buy $15.50
2016-01-28 Reiterated Rating Oppenheimer Market Perform
2015-11-03 Reiterated Rating B. Riley Buy $16.50
2015-10-29 Reiterated Rating Susquehanna Positive $14.00 to $16.00
2015-10-29 Boost Price Target Deutsche Bank Buy $14.00 to $15.00
2015-10-29 Boost Price Target Northland Securities Outperform $13.00 to $15.00
2015-10-29 Reiterated Rating B. Riley Buy $16.50
2015-10-29 Boost Price Target Deutsche Bank AG Buy $14.00 to $15.00
2015-07-31 Reiterated Rating Piper Jaffray Overweight $16.00 to $14.00
2015-07-31 Reiterated Rating Piper Jaffray Cos. Overweight $16.00 to $14.00
2015-07-30 Reiterated Rating Susquehanna Positive $18.00 to $14.00
2015-07-30 Lower Price Target Stifel Nicolaus Buy $18.00 to $16.00
2015-07-30 Lower Price Target Northland Securities Outperform $17.00 to $13.00
2015-07-30 Reiterated Rating B. Riley Buy $16.50
2015-05-24 Reiterated Rating Deutsche Bank Buy $16.00
2015-05-19 Reiterated Rating Piper Jaffray Overweight $16.00
2015-04-30 Lower Price Target Deutsche Bank Buy $17.00 to $16.00
2015-04-30 Lower Price Target Citigroup Inc. Neutral $15.00 to $14.00
2015-04-30 Lower Price Target Northland Securities In-Line to Outperform $19.00 to $17.00
2015-04-30 Reiterated Rating B. Riley Buy $17.50 to $16.50
2015-04-20 Upgrade Susquehanna Neutral to Positive $14.00 to $18.00
2015-03-17 Reiterated Rating B. Riley Buy $17.50
2015-01-29 Boost Price Target Credit Suisse Buy $15.00 to $17.00
2015-01-29 Upgrade Craig Hallum Hold to Buy
2015-01-29 Boost Price Target Northland Securities Outperform $17.00 to $19.00
2015-01-29 Reiterated Rating B. Riley Buy $17.50
2015-01-29 Boost Price Target Credit Suisse Group AG Buy $15.00 to $17.00
2014-11-18 Initiated Northland Capital Outperform $17
2014-11-18 Initiated Coverage Northland Securities Outperform $17.00
2014-10-30 Reiterated Rating Deutsche Bank Buy $16.00 to $15.00
2014-10-30 Reiterated Rating Stifel Nicolaus Buy $20.00 to $18.00
2014-09-16 Boost Price Target Stifel Nicolaus Positive $19.00 to $20.00
2014-07-31 Reiterated Rating Citigroup Inc. Neutral $14.00 to $15.00
2014-07-31 Boost Price Target Deutsche Bank Buy $14.00 to $16.00
2014-07-31 Downgrade Craig Hallum Buy to Hold $14.00
2014-06-23 Reiterated Rating Stifel Nicolaus Buy $16.00 to $19.00
2014-06-18 Downgrade Needham Buy to Hold
2014-06-18 Downgrade Needham & Company LLC Buy to Hold
2014-06-18 Downgrade Evercore ISI Buy to Hold $14.00
2014-05-14 Initiated Coverage Evercore ISI Overweight $16.00
2014-05-09 Upgrade Citigroup Inc. Sell to Neutral $10.00 to $14.00
2014-05-01 Boost Price Target Credit Suisse $11.50 to $12.50
2014-04-02 Boost Price Target Stifel Nicolaus $15.00 to $16.00
2014-03-12 Initiated Coverage Piper Jaffray Overweight
2014-01-30 Reiterated Rating Deutsche Bank Buy $14.00
2014-01-30 Boost Price Target Credit Suisse $10.00 to $11.50
2014-01-02 Downgrade Evercore ISI Equal Weight to Underweight $9.00
2013-11-01 Boost Price Target Susquehanna Neutral $9.00 to $11.00
2013-10-31 Boost Price Target Piper Jaffray Overweight $12.00 to $14.00
2013-10-31 Boost Price Target Needham & Company LLC Buy $12.00 to $13.00
2013-10-31 Boost Price Target Deutsche Bank Buy $11.00 to $14.00
2013-09-27 Boost Price Target B. Riley Buy $13.00
2013-09-24 Boost Price Target Stifel Nicolaus Buy $14.00 to $15.00
2012-07-26 Downgrade Needham Buy to Hold
2012-05-29 Upgrade Needham Hold to Buy $13
2012-02-02 Downgrade Needham Buy to Hold
2011-09-13 Reiterated Needham Buy $15 to $13
2011-08-11 Downgrade Longbow Buy to Neutral
2011-07-28 Reiterated RBC Capital Mkts Sector Perform $15 to $13
2011-03-23 Initiated Longbow Buy $15
2011-02-03 Downgrade Morgan Keegan Outperform to Mkt Perform $13
2011-01-21 Downgrade Oppenheimer Outperform to Perform
2011-01-05 Reiterated RBC Capital Mkts Sector Perform $13 to $14
2010-12-08 Upgrade Canaccord Genuity Hold to Buy $12 to $18
2016-06-24 Initiated Coverage MKM Partners Neutral to Neutral $15.50
2016-06-15 Reiterated Rating Oppenheimer Hold
2016-06-15 Reiterated Rating Drexel Hamilton Buy $16.00 to $17.00
2016-06-15 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-05-16 Initiated Coverage Credit Agricole Underperform $12.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
DILLER JAMES 0.38%  (497032) AVGO / ISIL / PMCS /
URRY JAMES A 0.08%  (101765) ISIL /
BELL DAVID B President and CEO 0.08%  (100945) ISIL /
TOKOS THOMAS C SVP, General Counsel 0.08%  (99648) ISIL /
HARDMAN SUSAN J SVP, AMS Products Group 0.07%  (85725) ISIL /
GIST GARY E 0.07%  (84703) ISIL /
Cowell Andrew SVP, Consumer Products Group 0.05%  (66131) ISIL /
PEETERS JAN 0.05%  (66075) ISIL /
CONN ROBERT W 0.04%  (57552) ISIL /
Kelley Vern SVP, Human Resources 0.04%  (53052) ISIL /
POKELWALDT ROBERT N 0.03%  (41519) ISIL /
Edwards Gerald J SVP, WW Operations & Tech 0.02%  (23541) ISIL /
Kennedy Jonathan SVP and CFO 0.01%  (14921) BABY / IRMD / ISIL /
Downing Mark A SVP, Strategy & Bus Dev 0.01%  (14560) ISIL /