Intersil Corporation "buy"

09/19/03 - WR Hambrecht & Co

NEW YORK, September 19 (New Ratings) – Analysts at WR Hambrecht maintain their "buy" rating on Intersil Corporation (ISIL). The target price is set to $31.

In a research note published this morning, the analyst mentions that the company provided information on its new strategic plans during the analyst day held in Orlando yesterday. The company stated that it intends to become an analog pure-play and focus on cost savings and on boosting its gross margin, the analysts add. WR Hambrecht maintains its positive H2:03 outlook for Intersil. The strong computing and DVD recorder trends are likely to persist during H2, the analysts believe.