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As several semiconductor companies have said the industry is near a bottom, Intersil may be worth keeping an eye on, as it tends to snap back stronger than its peers, according to Deutsche Bank analyst Ross Seymore.
"We continue to believe ISIL is positioned to deliver relatively superior rev/ EPS growth in 2012 as it begins to monetize organic and acquisition-related investments it has made over the last few years," Seymore wrote in his note. He rates the shares buy with a $14 price target, as he likes the below-average earnings multiple and strong dividend yield.
Intersil is set to report earnings on Feb. 1, and analysts polled by
Thomson Reuters expect it to report earnings of 5 cents per share on $167.8 million in revenue.
Intersil shares have returned 8% since the beginning of 2012.
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Written by Chris Ciaccia in New York
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