Raymond James cut shares of Fairchild Semiconductor International (NYSE:FCS) from a strong-buy rating to a market perform rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Fairchild Semiconductor International (NYSE:FCS) traded up 2.49% during mid-day trading on Monday, hitting $12.75. The stock had a trading volume of 865,794 shares. Fairchild Semiconductor International has a 52-week low of $11.48 and a 52-week high of $15.75. The stock has a 50-day moving average of $12.55 and a 200-day moving average of $13.18. The company’s market cap is $1.619 billion.
Fairchild Semiconductor International (NYSE:FCS) last announced its earnings results on Thursday, October 17th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $364.60 million for the quarter, compared to the consensus estimate of $363.10 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Fairchild Semiconductor International will post $0.26 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Fairchild Semiconductor International from an underperform rating to a neutral rating in a research note to investors on Tuesday, November 12th. They now have a $12.50 price target on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Fairchild Semiconductor International from a buy rating to a hold rating in a research note to investors on Thursday, October 17th. They now have a $12.00 price target on the stock, down previously from $16.00. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Fairchild Semiconductor International currently has a consensus rating of Hold and a consensus price target of $14.61.
Fairchild Semiconductor International, Inc (NYSE:FCS) focuses on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers.
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