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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, TheFlyOnTheWall.com 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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