Zacks cut shares of Freescale Semiconductor Ltd (NYSE:FSL) from an outperform rating to a neutral rating in a report issued on Tuesday, Analyst Ratings Network reports. They currently have $19.20 target price on the stock.
Zacks has also taken action a number of other information technology stocks recently. The firm downgraded shares of Spansion Inc. from an outperform rating to a neutral rating. Their analysts now have a $14.10 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Tessera Technologies Inc.. They have a $20.00 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Skyworks Solutions Inc.. They have a $27.00 price target on that stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of Freescale Semiconductor Ltd in a research note to investors on Friday, October 25th. They now have a $20.00 price target on the stock. Separately, analysts at RBC Capital reiterated a buy rating on shares of Freescale Semiconductor Ltd in a research note to investors on Friday, October 25th. They now have a $19.00 price target on the stock, down previously from $20.00. Finally, analysts at Needham & Company reiterated a positive rating on shares of Freescale Semiconductor Ltd in a research note to investors on Thursday, September 19th. They now have a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $17.85.
Freescale Semiconductor Ltd (NYSE:FSL) traded down 2.19% during mid-day trading on Tuesday, hitting $14.74. 1,023,893 shares of the company’s stock traded hands. Freescale Semiconductor Ltd has a 52-week low of $7.63 and a 52-week high of $17.82. The stock’s 50-day moving average is $16.38 and its 200-day moving average is $15.51. The company’s market cap is $3.801 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last released its earnings data on Thursday, October 24th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Freescale Semiconductor Ltd will post $0.44 earnings per share for the current fiscal year.
Freescale Semiconductor, Inc manufactures microcontrollers, microprocessors and semiconductors. The Company offers microcontroller solutions, such as the components of embedded control systems, including embedded processors, microcontrollers, and embedded microprocessors that are used in automotive, consumer, industrial, and computer peripheral applications.
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