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Infineon Technologies AG (NASDAQ:IFNNY) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Stock Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.00.

Shares of Infineon Technologies AG (NASDAQ:IFNNY) opened at 11.58 on Thursday. Infineon Technologies AG has a one year low of $8.82 and a one year high of $12.84. The stock has a 50-day moving average of $11.67 and a 200-day moving average of $11.65. The company has a market cap of $12.989 billion and a P/E ratio of 19.03.

Infineon Technologies AG (NASDAQ:IFNNY) last announced its 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 $0.58 EPS for the current fiscal year.

IFNNY has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein upgraded shares of Infineon Technologies AG from a “market perform” rating to an “outperform” rating in a research note on Thursday. Separately, analysts at Bernstein upgraded shares of Infineon Technologies AG to an “outperform” rating in a research note on Thursday. Finally, 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.

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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