Freescale Semiconductor Ltd Hits New 52-Week High at $17.44 (FSL)
Freescale Semiconductor Ltd (NYSE:FSL) set a new 52-week high during mid-day trading on Thursday, ARN reports. The stock traded as high as $17.44 and last traded at $17.08, with a volume of 494,717 shares. The stock had previously closed at $17.20.
A number of research firms have recently commented on FSL. Analysts at Needham & Company reiterated a “positive” rating on shares of Freescale Semiconductor Ltd (NYSE:FSL) in a research note to investors on Thursday. They now have a $20.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Freescale Semiconductor Ltd (NYSE:FSL) in a research note to investors on Friday, August 16th. They set an “underweight” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Freescale Semiconductor Ltd (NYSE:FSL) from $18.00 to $19.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Freescale Semiconductor Ltd currently has a consensus rating of “Hold” and a consensus price target of $17.83.
Freescale Semiconductor Ltd has a 1-year low of $7.63 and a 1-year high of $17.44. The stock has a 50-day moving average of $15.3 and a 200-day moving average of $15.10. The company’s market cap is $4.382 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Freescale Semiconductor Ltd will post $0.52 EPS for the current fiscal year.
Freescale Semiconductor, Inc manufactures microcontrollers, microprocessors and semiconductors. The Company offers microcontroller solutions, such as the components of embedded control systems, including embedded processors, microcontrollers, and embedded microprocessors that are used in automotive, consumer, industrial, and computer peripheral applications.
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