Freescale Semiconductor Receives Consensus Rating of “Buy” from Analysts (NYSE:FSL)
Freescale Semiconductor (NYSE:FSL) has received an average rating of “Buy” from the seventeen ratings firms that are currently covering the stock, AR Network reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.82.
Freescale Semiconductor (NYSE:FSL) opened at 24.00 on Wednesday. Freescale Semiconductor has a 1-year low of $13.75 and a 1-year high of $26.00. The stock has a 50-day moving average of $23.56 and a 200-day moving average of $21.69. The company’s market cap is $7.261 billion.
Freescale Semiconductor (NYSE:FSL) last announced its earnings results 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 $1.48 earnings per share for the current fiscal year.
In other Freescale Semiconductor news, CEO Gregg A. Lowe sold 66,466 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $23.70, for a total transaction of $1,575,244.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on FSL shares. Analysts at ISI Group downgraded shares of Freescale Semiconductor from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $24.00 price target on the stock, up previously from $20.00. Separately, 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. Finally, 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.
Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.
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