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Stock analysts at Credit Suisse started coverage on shares of Infineon Technologies AG (NASDAQ:IFNNY) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Shares of Infineon Technologies AG (NASDAQ:IFNNY) opened at 11.62 on Wednesday. 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 $11.67 and its 200-day moving average is $11.69. The company has a market cap of $13.034 billion and a P/E ratio of 19.60.

Infineon Technologies AG (NASDAQ:IFNNY) last announced its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. On average, analysts predict that Infineon Technologies AG will post $0.58 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. 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, August 21st. Separately, analysts at Bernstein upgraded shares of Infineon Technologies AG to an “outperform” rating in a research note on Thursday, August 21st. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

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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