Insider Selling: Freescale Semiconductor CEO Unloads 66,466 Shares of Stock (FSL)
Freescale Semiconductor (NYSE:FSL) CEO Gregg A. Lowe sold 66,466 shares of the company’s stock on the open market in a transaction dated Monday, July 7th. The shares were sold at an average price of $23.70, for a total transaction of $1,575,244.20. Following the completion of the sale, the chief executive officer now directly owns 372,923 shares of the company’s stock, valued at approximately $8,838,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Freescale Semiconductor (NYSE:FSL) traded down 0.72% during mid-day trading on Tuesday, hitting $23.51. The stock had a trading volume of 1,523,779 shares. Freescale Semiconductor has a one year low of $13.75 and a one year high of $26.00. The stock’s 50-day moving average is $23.26 and its 200-day moving average is $21.3. The company’s market cap is $7.112 billion.
Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that Freescale Semiconductor will post $1.46 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Freescale Semiconductor from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. 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 investment analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.55.
Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.
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