Brokerages Set $25.10 Price Target for Infineon Technologies AG (IFNNY)
Infineon Technologies AG (NASDAQ:IFNNY) has received an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Brokerages have set a 1-year consensus price objective of $25.10 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned Infineon Technologies AG an industry rank of 95 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently commented on IFNNY shares. Zacks Investment Research raised shares of Infineon Technologies AG from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) raised shares of Infineon Technologies AG from a “neutral” rating to a “buy” rating in a report on Monday, May 15th.
Shares of Infineon Technologies AG (NASDAQ IFNNY) opened at 24.22 on Friday. Infineon Technologies AG has a 52 week low of $15.87 and a 52 week high of $24.33. The stock’s 50 day moving average is $22.53 and its 200 day moving average is $21.07. The stock has a market capitalization of $27.34 billion and a PE ratio of 28.03.
Infineon Technologies AG (NASDAQ:IFNNY) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.08 billion. Infineon Technologies AG had a return on equity of 18.51% and a net margin of 13.65%. Analysts anticipate that Infineon Technologies AG will post $1.05 EPS for the current fiscal year.
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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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