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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 Network.com 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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