Share on StockTwits
 

Infineon Technologies AG (NASDAQ:IFNNY) was upgraded by equities researchers at HSBC from a “neutral” rating to an “overweight” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.

IFNNY has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein downgraded shares of Infineon Technologies AG from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Infineon Technologies AG from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Infineon Technologies AG in a research note to investors on Wednesday, November 20th. They now have a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.00.

Infineon Technologies AG (NASDAQ:IFNNY) traded down 1.68% on Friday, hitting $10.26. The stock had a trading volume of 33,102 shares. Infineon Technologies AG has a one year low of $7.03 and a one year high of $10.95. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $9.82. The company has a market cap of $11.030 billion and a P/E ratio of 31.91.

Infineon Technologies AG (NASDAQ:IFNNY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.03 earnings per share (EPS) for the quarter. Analysts expect that Infineon Technologies AG will post $0.49 EPS for the current fiscal year.

Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.