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Shares of Freescale Semiconductor (NYSE:FSL) have been given an average rating of “Buy” by the fifteen analysts that are currently covering the company, American Banking News reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.67.

Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Freescale Semiconductor from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Separately, analysts at Needham & Company LLC downgraded shares of Freescale Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Finally, 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.

Freescale Semiconductor (NYSE:FSL) opened at 21.05 on Tuesday. Freescale Semiconductor has a 52 week low of $13.95 and a 52 week high of $26.00. The stock has a 50-day moving average of $21.03 and a 200-day moving average of $22.52. The company’s market cap is $6.395 billion.

Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.09 earnings per share. Freescale Semiconductor’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that Freescale Semiconductor will post $1.51 EPS for the current fiscal year.

Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.

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