Credit Suisse Reaffirms Their Buy Rating on Infineon Technologies AG (IFNNF)
According to The Fly, in a report released today, Achal Sultania from Credit Suisse maintained a Buy rating on Infineon Technologies AG (IFNNF). The company’s shares closed yesterday at $20.89.
According to TipRanks.com, Sultania has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.9% and a 47.8% success rate. Sultania covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, Nokia Corp, and Ericsson.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infineon Technologies AG.
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Infineon Technologies AG’s market cap is currently $23.63B and has a P/E ratio of 18.39. The company has a Price to Book ratio of 3.16.
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Infineon Technologies AG engages in the provision of semiconductor and system solutions. It operates through the following segments: Automotive; Industrial Power Control; Power Management and Multimarket; and Chip Card and Security. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications.