Freescale Semiconductor Ltd Hits New 52-Week High at $18.27 (FSL)
Shares of Freescale Semiconductor Ltd (NYSE:FSL) hit a new 52-week high during trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $18.27 and last traded at $17.86, with a volume of 9,285,831 shares trading hands. The stock had previously closed at $15.30.
A number of analysts have recently weighed in on FSL shares. Analysts at Needham & Company upgraded shares of Freescale Semiconductor Ltd from a “buy” rating to a “strong-buy” rating in a research note to investors on Wednesday. They now have a $25.00 price target on the stock, up previously from $20.00. Separately, analysts at Credit Suisse raised their price target on shares of Freescale Semiconductor Ltd from $20.00 to $22.00 in a research note to investors on Wednesday. Finally, analysts at RBC Capital raised their price target on shares of Freescale Semiconductor Ltd from $19.00 to $21.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.84.
Freescale Semiconductor Ltd (NYSE:FSL) last released its earnings data on Tuesday, January 28th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis.
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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