Freescale Semiconductor Receives Buy Rating from Needham & Company LLC (FSL)
Needham & Company LLC has also modified their ratings on a number of other information technology stocks in the few days. The firm reiterated its buy rating on shares of Atmel Co.. They have a $11.00 price target on that stock. Also, Needham & Company LLC downgraded shares of Microchip Technology Inc. to a hold rating. Finally, Needham & Company LLC upgraded shares of Intel Co. from a hold rating to a buy rating. Needham & Company LLC now has a $37.00 price target on that stock.
Separately, analysts at Topeka Capital Markets lowered their price target on shares of Freescale Semiconductor from $46.00 to $45.00 and set a buy rating on the stock in a research note on Friday, April 24th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $37.10.
Shares of Freescale Semiconductor (NYSE:FSL) traded down 0.90% during mid-day trading on Friday, hitting $37.60. 531,840 shares of the company’s stock traded hands. Freescale Semiconductor has a 52 week low of $15.29 and a 52 week high of $45.67. The stock has a 50-day moving average of $41.19 and a 200-day moving average of $37.80. The company has a market cap of $11.54 billion and a price-to-earnings ratio of 34.15.
Freescale Semiconductor (NYSE:FSL) last released its earnings data on Thursday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $0.27 earnings per share. Freescale Semiconductor’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Freescale Semiconductor will post $2.04 earnings per share for the current fiscal year.
In other Freescale Semiconductor news, SVP Robert J. Conrad sold 107,169 shares of Freescale Semiconductor stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $42.92, for a total transaction of $4,599,693.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission. Also, SVP Paul R. Hart sold 2,397 shares of Freescale Semiconductor stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $41.28, for a total transaction of $98,948.16.
Freescale Semiconductor, Ltd. provides microcontrollers and digital networking processors. The Company combines its embedded processors with its complementary analog, sensor and radio frequency devices, and a full suite of software and design tools, to provide integrated embedded processing solutions that streamline customer development efforts, lower their costs and shorten their time to market. The Company’s organizes five product groups: Microcontrollers, Digital Networking, Automotive MCUs, Analog and Sensors, and Radio Frequency Devices. It provides its customers embedded processing solutions for the automotive, networking, industrial and consumer markets. The Company’s focuses on serving the need for increased connectivity and enhanced intelligence critical to these fast growing semiconductor applications. The Company’s product groups are focused on four markets, which include: Automotive Market, Networking Market, Industrial Market, and Consumer Market.