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.

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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.

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