Dallas, Texas 04/29/2014 (FINANCIALSTRENDS) – Fairchild Semiconductor Intl Inc (NASDAQ:FCS) which has a business line focused on the manufacture and sales of analogsemiconductor solutions has been innovating on its product range and offering diversified products in recent times. The company with a niche product range continues to command market presence across the world.
SEC filings by SVP Kevin Londonat the Fairchild Semiconductor Intl Inc(NASDAQ:FCS) reveals that the SVP has during the first quarter sold over 20,000 shares as part of insider trading sessions. Per share price was fixed at $13.05 with the average transaction valued at $261,000.00. Post the sales, the senior Vice President now owns 19,428 shares with approximate value of $253,535.
Fairchild Semiconductor Intl Inc(NASDAQ:FCS) had earlier on April 17, 2014, reported $0.04 per share earnings for the first quarter, which in turn beat analyst consensus estimates of $0.03 by $0.01.
Fairchild Semiconductor Intl Inc(NASDAQ:FCS) has reported for the quarter earnings to the tune of $344.10 million which was much lesser than the estimated $348.60 million reported by analysts.
Fairchild Semiconductor Intl Inc(NASDAQ:FCS)had reported in the same quarter of previous year, earnings per share equivalent to $0.02 per share. Additionally, it reported increase in revenue to the tune of 0.3% which was reported during the same quarter of previous year. Additionally, analysts indicate that Fairchild Semiconductor International will also be able to show $0.50 earnings per share during the present financial year.
Gains brokerage cover
In the past quarter, the company also received coverage by analysts such as Citigroup Inc. The analysts have revised he price target to $17.00 from the earlier $16.00. Other analysts have also issued coverage with one of them assigning sell, and over six others who have reported Hold on the stocks. The consensus rating for this stock is currently rated ‘HOLD,’ with the target price is $14.30.