In a report released yesterday, Andrew Gardiner from Barclays maintained a Hold rating on Infineon Technologies AG (IFNNF), with a price target of EUR37.00. The company’s shares closed last Thursday at $40.46, close to its 52-week high of $43.35.
According to TipRanks.com, Gardiner is a 4-star analyst with an average return of 14.9% and a 65.4% success rate. Gardiner covers the Technology sector, focusing on stocks such as Dialog Semiconductor, ams AG, and TomTom.
Infineon Technologies AG has an analyst consensus of Moderate Buy, with a price target consensus of $38.51, representing a -3.1% downside. In a report released yesterday, Norddeutsche Landesbank also maintained a Hold rating on the stock with a EUR31.00 price target.
See today’s analyst top recommended stocks >>
Based on Infineon Technologies AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.49 billion and net profit of $109 million. In comparison, last year the company earned revenue of $2.06 billion and had a net profit of $161 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Digital Security Solutions. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications. The Industrial Power Control segment involves in the design, development, manufacture, and marketing of semiconductors for the generation, transmission, and economy in the use of electrical energy. The Power Management and Multimarket segment includes design, development, manufacture, and marketing of semiconductors for energy-efficient power supplies as well as for mobile devices and mobile phone network infrastructures. The Digital Security Solutions segment designs, develops, manufactures, and markets semiconductor-based security products for card applications and network systems. The company was founded on April 1, 1999 and is headquartered in Munich, Germany.
