Necip Sayiner (Insider Trades), CEO and President of Intersil Corporation (ISIL), bought 38,000 shares of the company on Sept. 11. The average price per share was $10.48, for a total transaction cost of $398,240. Intersil Corporation provides power management and precision analog solutions that help improve efficiency and extend battery life. The company’s market cap is $1.39 billion and P/S ratio is 2.57.
The number and volume of both insider buys and sells of ISIL declined since 2012. There were five insider sells and three insider buys totaling 8,354 shares, and 60,000 shares respectively. By 2014, these numbers declined to two insider sells of 5,417 shares total, with no ISIL insider buys. 
Sayiner made only one ISIL insider transaction since 2003, which was also the only insider trade made with the company in 2015. An insider sell made by VP and CFO of ISIL, Daniel Heneghan (Insider Trades) of 40,000 shares at an average price of $29.08 per share, declined about 60% in price since the transaction. For more information about insider transaction with ISIL, click here.
The company reported a net income of $37.734 million, or $0.29 per share in the second quarter of fiscal 2015 ended on July 3. This is up from a net loss of $68.824, or $0.53 million experienced by the company in the previous quarter ended on April 3, and up even from the reported net income of $13.646 million, or $0.11 per share reported in the second quarter of fiscal 2014. Annual net income for ISIL follows a decreasing trend since 2000. The company also reported revenue of $132.441 million in the second quarter of fiscal 2014, down from $134.153 million, and $147.761 reported in the previous quarter and the corresponding quarter of 2014. Annual revenue for the company decreased 9.87% since 2010. Intersil announced the acquisition of Great Wall Semiconductor on Sept. 8. Great Wall Semiconductor is a private technology company that develops metal-oxide semiconductor field-effect transistor (MOSFET) technology for cloud computing, space and consumer applications. Intersil purchased Great Wall Semiconductor for $19 million, with up to $4 million additional cash consideration based on the achievement of post-closing business metrics through 2016. The acquisition is expected to be neutral towards 2015 GAAP earnings. From June to August 2015, Intersil unveiled a new battery pack, radiation hardened multiplexers for space flight data acquisition systems, a regulator to extend mobile device battery life, and a video decoder for automobiles.
According to GuruFocus.com information, Intersil Corporation has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Chuck Royce (Trades, Portfolio) (Trades, Portfolio) reduced his stake in ISIL, selling 239,000 shares at an average price of $13.64 per share in the second quarter of 2015. The transaction reduced Royce’s holding with the company by 17.37%. Joel Greenblatt (Trades, Portfolio) (Trades, Portfolio) also reduced his stake in Intersil by selling out 258,014 shares he previous held with the company. In the previous quarter, Greenblatt reduced his stake in ISIL by 60.51%. For more information about guru trades with ISIL, click here.
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