Insider Selling: Thomas Deitrich Sells 92,468 Shares of Freescale Semiconductor Ltd Stock (FSL)
Freescale Semiconductor Ltd (NYSE:FSL) SVP Thomas Deitrich unloaded 92,468 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $18.04, for a total transaction of $1,668,122.72. Following the sale, the senior vice president now directly owns 126,768 shares in the company, valued at approximately $2,286,895. The transaction was disclosed in a filing with the SEC, 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. 2,486,080 shares of the company’s stock traded hands. Freescale Semiconductor Ltd has a 1-year low of $12.35 and a 1-year high of $18.31. The stock’s 50-day moving average is $15.75 and its 200-day moving average is $15.58. The company’s market cap is $4.675 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last announced its earnings results on Tuesday, January 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Freescale Semiconductor Ltd will post $1.38 EPS 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.