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Infineon Technologies AG (NASDAQ:IFNNY) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, reports.

Several other analysts have also recently commented on the stock. Analysts at Bernstein upgraded shares of Infineon Technologies AG to an “outperform” rating in a research note on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Infineon Technologies AG in a research note on Friday, August 1st. They now have a $12.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Infineon Technologies AG from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.00.

Shares of Infineon Technologies AG (NASDAQ:IFNNY) opened at 11.3485 on Thursday. Infineon Technologies AG has a one year low of $8.82 and a one year high of $12.84. The stock’s 50-day moving average is $11.7 and its 200-day moving average is $11.64. The company has a market cap of $12.729 billion and a P/E ratio of 19.27.

Infineon Technologies AG (NASDAQ:IFNNY) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. On average, analysts predict that Infineon Technologies AG will post $0.59 earnings per share 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.

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