Freescale Semiconductor (NYSE:FSL) was downgraded by stock analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have a $37.00 target price on the stock, up from their previous target price of $33.00. Piper Jaffray’s target price points to a potential downside of 8.33% from the stock’s previous close.
Shares of Freescale Semiconductor (NYSE:FSL) opened at 40.36 on Monday. Freescale Semiconductor has a one year low of $15.29 and a one year high of $40.55. The stock’s 50-day moving average is $31.91 and its 200-day moving average is $23.82. The company has a market cap of $12.364 billion and a P/E ratio of 48.63.
Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Freescale Semiconductor will post $2.16 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FSL. Analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Freescale Semiconductor in a research note on Monday. Analysts at Deutsche Bank downgraded shares of Freescale Semiconductor from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Monday. Analysts at RBC Capital downgraded shares of Freescale Semiconductor from an “outperform” rating to a “sector perform” rating and set a $33.00 price target on the stock in a research note on Tuesday, February 17th. Finally, analysts at Zacks upgraded shares of Freescale Semiconductor from a “neutral” rating to an “outperform” rating and set a $34.20 price target on the stock in a research note on Friday, January 30th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.42.
Freescale Semiconductor, Ltd. provides microcontrollers and digital networking processors. The Company combines its embedded processors with its complementary analog, sensor and radio frequency devices, and a full suite of software and design tools, to provide integrated embedded processing solutions that streamline customer development efforts, lower their costs and shorten their time to market.
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