Freescale Semiconductor Ltd CEO Unloads $4,662,193 in Stock (FSL)
Freescale Semiconductor Ltd (NYSE:FSL) CEO Gregg A. Lowe sold 266,411 shares of Freescale Semiconductor Ltd stock on the open market in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $17.50, for a total transaction of $4,662,192.50. Following the completion of the transaction, the chief executive officer now directly owns 428,069 shares in the company, valued at approximately $7,491,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Freescale Semiconductor Ltd (NYSE:FSL) traded down 0.28% during mid-day trading on Friday, hitting $18.13. The stock had a trading volume of 2,486,080 shares. Freescale Semiconductor Ltd has a 52 week low of $12.35 and a 52 week high of $18.31. The stock has a 50-day moving average of $15.75 and a 200-day moving average of $15.58. The company’s market cap is $4.675 billion.
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. On average, analysts predict that Freescale Semiconductor Ltd will post $1.38 earnings per share for the current fiscal year.
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 given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Freescale Semiconductor Ltd currently has a consensus rating of “Hold” and an average target price of $19.31.
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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