Infineon Technologies AG (IFNNY) Receives Neutral Rating from Goldman Sachs Group, Inc. (The)
Infineon Technologies AG (NASDAQ:IFNNY)‘s stock had its “neutral” rating reissued by equities research analysts at Goldman Sachs Group, Inc. (The) in a report issued on Thursday, MarketBeat Ratings reports.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Infineon Technologies AG in a report on Tuesday.
Shares of Infineon Technologies AG (IFNNY) traded up 1.24% on Thursday, reaching $24.57. 46,644 shares of the company’s stock traded hands. The stock has a 50-day moving average of $22.94 and a 200 day moving average of $21.29. The firm has a market cap of $27.74 billion and a P/E ratio of 28.54. Infineon Technologies AG has a 12-month low of $16.16 and a 12-month high of $24.73.
Infineon Technologies AG (NASDAQ:IFNNY) last issued its earnings results on Tuesday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Infineon Technologies AG had a net margin of 13.65% and a return on equity of 18.51%. On average, equities research analysts expect that Infineon Technologies AG will post $1.06 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “Infineon Technologies AG (IFNNY) Receives Neutral Rating from Goldman Sachs Group, Inc. (The)” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/16/infineon-technologies-ag-ifnny-receives-neutral-rating-from-goldman-sachs-group-inc-the.html.
Infineon Technologies AG Company Profile
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.
Receive News & Ratings for Infineon Technologies AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies AG and related companies with MarketBeat.com's FREE daily email newsletter.