Long Position on ISIL @ $18.84 on 8/26/2016 (Rumor)

Bullish Flag on ISILIntersil Corporation (ISIL) designs and develops power management and precision analog integrated circuits (ICs) for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets.

The company offers various power IC solutions for battery management, processor power management, and display power management, including power regulators, converters, and controllers, as well as integrated power modules.

It also provides precision analog components, such as amplifiers and buffers, proximity and light sensors, data converters, optoelectronics, video decoders, and interface products.

The company markets its products through direct sales force and a network of distributors to original equipment manufacturers, original design manufacturers, and contract manufacturers primarily in China, the United States, South Korea, Japan, Germany, Singapore, and Taiwan.

Shares of this chipmaker have formed a bullish "flag" on market rumors that the firm is in the final stage of being acquired by Japan's Renesas Electronics Corp. The taking price is expected to be in the range of $21-$22. A buyout report is expected soon.

 

52-Weeks Trading Range: $10.23 - $19.51

Entry Point: $18.84

Stop Loss: $17.75

Target Price: $20.75

 

 

Updates

9/13/2016 9:25:56 AM

ISIL closed at $21.57

Position closed on 9/13/2016 at price of $21.57 with a 14.49% gain in 18 days.

Back to Portfolio