Infineon Technologies AG Upgraded to Outperform by Bernstein (IFNNY)
Several other analysts have also recently commented on the stock. 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. 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Infineon Technologies AG currently has an average rating of “Hold” and an average target price of $12.00.
Infineon Technologies AG (NASDAQ:IFNNY) opened at 11.3485 on Thursday. Infineon Technologies AG has a 1-year low of $8.82 and a 1-year high of $12.84. The stock has a 50-day moving average of $11.7 and a 200-day moving average of $11.64. The company has a market cap of $12.729 billion and a price-to-earnings ratio of 19.27.
Infineon Technologies AG (NASDAQ:IFNNY) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. Analysts expect that Infineon Technologies AG will post $0.59 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.
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