In a report released yesterday, Jay Huang from Bernstein maintained a Buy rating on Infineon Technologies AG (IFNNF), with a price target of EUR35.00. The company’s shares closed last Tuesday at $42.04, close to its 52-week high of $42.20.
According to TipRanks.com, Huang is ranked #2713 out of 7223 analysts.
Infineon Technologies AG has an analyst consensus of Moderate Buy, with a price target consensus of $36.11, which is a -13.1% downside from current levels. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a EUR40.00 price target.
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Infineon Technologies AG’s market cap is currently $54.67B and has a P/E ratio of 142.50. The company has a Price to Book ratio of 64.24.
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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.