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Bull of the Day

Intersil Corp. (ISIL)

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By: Ken Nagy
October 29, 2009 |Comments: 0
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Intersil Corporation (ISIL) is an OEM of analog and mixed signal semiconductor ICs. September quarter results beat consensus estimates on both the top and bottom lines. Forward guidance is for 3% revenue growth in the fourth quarter.

We expect an unfavorable mix of business through 2009, although management initiatives are likely to mitigate the impact. Management expressed confidence that the bottom is behind it, and judging from the increasing order rates and growing backlog, we are inclined to agree.

Since shares are still going rather cheap, we encourage investors to accumulate them. We are raising our rating from Neutral to Outperform.

Intersil Corp. (ISIL) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on ISIL

 

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