Insider Selling: Freescale Semiconductor SVP Sells 2,937 Shares of Stock (FSL)
Freescale Semiconductor (NYSE:FSL) SVP Jennifer Wuamett sold 2,937 shares of Freescale Semiconductor stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $22.20, for a total transaction of $65,201.40. Following the completion of the sale, the senior vice president now directly owns 29,026 shares in the company, valued at approximately $644,377. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Freescale Semiconductor (NYSE:FSL) traded down 2.36% on Thursday, hitting $21.09. 2,063,375 shares of the company’s stock traded hands. Freescale Semiconductor has a 52 week low of $13.13 and a 52 week high of $26.00. The stock’s 50-day moving average is $23.4 and its 200-day moving average is $19.03. The company’s market cap is $6.380 billion.
Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.03. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted ($0.03) earnings per share. Freescale Semiconductor’s revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that Freescale Semiconductor will post $1.46 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FSL shares. Analysts at Zacks downgraded shares of Freescale Semiconductor from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $28.30 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Freescale Semiconductor in a research note on Monday, April 28th. They now have a $33.00 price target on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Freescale Semiconductor from $30.00 to $35.00 in a research note on Monday, April 28th. They now have a “strong-buy” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Freescale Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $27.55.
Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.
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