Infineon Technologies AG (IFNNF) Received its Third Buy in a Row


After Goldman Sachs and Bernstein gave Infineon Technologies AG (Other OTC: IFNNF) a Buy rating last month, the company received another Buy, this time from UBS. Analyst David Mulholland maintained a Buy rating on Infineon Technologies AG yesterday and set a price target of EUR42.00. The company’s shares closed last Tuesday at $41.56, close to its 52-week high of $44.25.

Mulholland has an average return of 36.9% when recommending Infineon Technologies AG.

According to TipRanks.com, Mulholland is ranked #526 out of 7451 analysts.

Infineon Technologies AG has an analyst consensus of Moderate Buy, with a price target consensus of $47.17.

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Based on Infineon Technologies AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.63 billion and net profit of $256 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $210 million.

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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.

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