Freescale Semiconductor Receives Average Rating of “Hold” from Analysts (NYSE:FSL)
Shares of Freescale Semiconductor (NYSE:FSL) traded down 0.58% during mid-day trading on Monday, hitting $37.56. 525,919 shares of the company’s stock traded hands. Freescale Semiconductor has a 1-year low of $15.29 and a 1-year high of $45.67. The stock’s 50-day moving average is $40.99 and its 200-day moving average is $37.88. The company has a market cap of $11.53 billion and a price-to-earnings ratio of 34.11.
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. Analysts expect that Freescale Semiconductor will post $2.03 EPS for the current fiscal year.
In other Freescale Semiconductor news, SVP Robert J. Conrad sold 107,169 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $42.92, for a total value of $4,599,693.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul R. Hart sold 2,397 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $41.28, for a total value of $98,948.16. The disclosure for this sale can be found here.
A number of research firms have recently commented on FSL. Analysts at Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target on shares of Freescale Semiconductor in a research note on Friday. 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.
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.