The firm updated its focus list for the month of September, adding J.C. Penney (JCP) and Marvell Technology (MRVL) and removing Intersil stock, the Fly reports.
Separately, shares of Intersil soared yesterday amid takeover speculation. The Milpitas, CA-based chipmaker is close to a deal with Renesas Electronics, Reuters reported, citing sources.
About 2.17 million of Intersil's shares changed hands so far today vs. its average volume of 1.83 million shares per day.
Shares of Marvell were higher in early-afternoon trading today, while J.C. Penney stock was down.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on Intersil stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ISIL