Tech New Highs: Freescale Semiconductor (NYSE:FSL), Amphenol Corporation (NYSE:APH), Silicon Motion Technology (NASDAQ:SIMO), InfoSonics Corporation (NASDAQ:IFON)

Technology Stocks News 15

Investment analysts at Drexel Hamilton increased their price target on shares of Freescale Semiconductor (NYSE:FSL) to $30.00 in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Drexel Hamilton’s price target suggests a potential upside of 26.90% from the company’s current price. Freescale Semiconductor Ltd (NYSE:FSL) stock performance was -1.18% in last session and finished the day at $23.36. Traded volume was 2.48 million shares in the last session and the average volume of the stock remained 3.38 million shares. Freescale Semiconductor Ltd (NYSE:FSL) insider ownership is 0.50%.

Amphenol Corp. (NYSE:APH) SVP Richard Schneider sold 10,452 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $88.06, for a total transaction of $920,403.12. Following the completion of the sale, the senior vice president now directly owns 22,937 shares of the company’s stock, valued at approximately $2,019,832. Amphenol Corporation (NYSE:APH) rose 1.72% to $93.25 Friday on volume of 1.60 million shares. The intra-day range of the stock was $92.00 – $93.62. Amphenol Corporation (NYSE:APH) has a market capitalization of 14.76 billion.

Silicon Motion Technology Corp., a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF ICs solutions for mobile devices, announced on March 5 that it has successfully completed testing of FC7880, its new LTE-Advanced transceiver, and secured its first smartphone design win with a leading Korean handset OEM. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)’s stock on March 21, 2014 reported a higher of 5.20% to the closing price of $18.00. Its fifty two weeks range is $9.90 – $18.44. The total market capitalization recorded 148.05 million. The overall volume in the last trading session was 1.54 million shares. In its share capital, Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has 8.23 million outstanding shares.

InfoSonics Corporation (NASDAQ:IFON), the provider of very kool wireless handset solutions and tablets, on March 6 announced results for its fourth quarter ended December 31, 2013. On Friday, shares of InfoSonics Corporation (NASDAQ:IFON) advanced 3.23% to close the day at $4.47. Company return on investment (ROI) is -14.90% and its monthly performance is recorded as 56.29%. InfoSonics Corporation (NASDAQ:IFON) quarterly revenue growth is 496.00%.

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