Credit Suisse analyst Achal Sultania maintained a Sell rating on Infineon Technologies AG (IFNNF) yesterday and set a price target of EUR22.50. The company’s shares closed last Monday at $31.94, close to its 52-week high of $33.00.
According to TipRanks.com, Sultania is a 4-star analyst with an average return of 8.8% and a 60.0% success rate. Sultania covers the Technology sector, focusing on stocks such as Dialog Semiconductor, Stmicroelectronics, and ASM International.
Infineon Technologies AG has an analyst consensus of Moderate Buy, with a price target consensus of $31.87.
See today’s analyst top recommended stocks >>
Based on Infineon Technologies AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.17 billion and GAAP net loss of $128 million. In comparison, last year the company earned revenue of $2.02 billion and had a net profit of $224 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.
