Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

Intersil Delivers A Comeback Quarter, Is It Time To Buy?

Intersil (Nasdaq ISIL) has finally delivered a good quarter, backed by strong growth in fast moving consumer, industrial and infrastructure markets. Not just the revenues but margins have also improved, making recovery deep and sustainable. Looking at the numbers, this quarter can rightfully be called 'a comeback quarter.'

After few tough years of lower growth and inconsistent performance, partly due to low research spending and lack of focus on growth markets, things seem to be improving. Now that growth is back, right valuation and dividend yield certainly calls for a thorough reevaluation of the stock. The Company had earlier set up a goal for itself to achieve 57% gross margins with a 24% operating margins, both of which seem...

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