Shares of Infineon Technologies AG (OTCMKTS:IFNNY) have been given an average rating of “Buy” by the five research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several brokerages have issued reports on IFNNY. Kepler Capital Markets raised shares of Infineon Technologies AG from a “hold” rating to a “buy” rating in a report on Wednesday, March 8th. Zacks Investment Research raised shares of Infineon Technologies AG from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, March 20th.

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Shares of Infineon Technologies AG (IFNNY) opened at 22.42 on Monday. The firm has a 50-day moving average of $21.57 and a 200-day moving average of $19.14. Infineon Technologies AG has a 12-month low of $13.16 and a 12-month high of $23.01. The firm has a market cap of $25.32 billion, a P/E ratio of 29.89 and a beta of 0.68.

About Infineon Technologies AG

Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.

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