Freescale Semiconductor Ltd (FSL) Announces Quarterly Results
Freescale Semiconductor Ltd (NYSE:FSL) posted its quarterly earnings results on Tuesday. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01, Analyst Ratings Network.com reports. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion.
Freescale Semiconductor Ltd (NYSE:FSL) remained flat at $15.30 during during mid-day trading trading on Tuesday. 2,470,952 shares of the company’s stock traded hands. Freescale Semiconductor Ltd has a 1-year low of $12.06 and a 1-year high of $17.82. The stock has a 50-day moving average of $15.43 and a 200-day moving average of $15.52. The company’s market cap is $3.945 billion.
On the ratings front, analysts at Zacks downgraded shares of Freescale Semiconductor Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $19.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Freescale Semiconductor Ltd has an average rating of “Hold” and an average target price of $18.19.
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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