Goldman Sachs analyst Alexander Duval maintained a Hold rating on Infineon Technologies AG (IFNNF) yesterday and set a price target of EUR27.00. The company’s shares closed last Monday at $31.94, close to its 52-week high of $33.00.
According to TipRanks.com, Duval is ranked #858 out of 7061 analysts.
Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $31.87, which is a 1.2% upside from current levels. In a report released today, Independent Research also downgraded the stock to Hold with a EUR28.50 price target.
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The company has a one-year high of $33.00 and a one-year low of $10.99. Currently, Infineon Technologies AG has an average volume of 5,062.
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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 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.
