In a report released today, Keagan Bryce from Barclays maintained a Hold rating on Infineon Technologies AG (IFNNF – Research Report), with a price target of EUR30.00. The company’s shares closed last Monday at $27.40, close to its 52-week low of $27.38.
According to TipRanks.com, Bryce is a 4-star analyst with an average return of 11.8% and a 50.0% success rate. Bryce covers the Technology sector, focusing on stocks such as Stmicroelectronics, ASM International, and ams AG.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infineon Technologies AG with a $41.82 average price target, implying a 52.6% upside from current levels. In a report issued on May 6, J.P. Morgan also maintained a Hold rating on the stock with a EUR45.00 price target.
Infineon Technologies AG’s market cap is currently $35.26B and has a P/E ratio of 22.59.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IFNNF in relation to earlier this year.
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Infineon Technologies AG engages in the provision of semiconductor and system solutions. It operates through the following segments: Automotive; Industrial Power Control; Power Management and Multimarket; and Digital Security Solutions. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications. The Industrial Power Control segment involves in the design, development, manufacture, and marketing of semiconductors for the generation, transmission, and economy in the use of electrical energy. The Power Management and Multimarket segment includes design, development, manufacture, and marketing of semiconductors for energy-efficient power supplies as well as for mobile devices and mobile phone network infrastructures. The Digital Security Solutions segment designs, develops, manufactures, and markets semiconductor-based security products for card applications and network systems. The company was founded on April 1, 1999 and is headquartered in Munich, Germany.
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