Infineon Technologies AG (IFNNF): New Buy Recommendation for This Technology Giant

In a report released on October 5, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on Infineon Technologies AG (IFNNFResearch Report), with a price target of EUR42.00. The company’s shares closed yesterday at $25.10.

According to TipRanks, Sztabowicz is an analyst with an average return of -5.3% and a 40.00% success rate.

In addition to Kepler Capital , Infineon Technologies AG also received a Buy from Warburg Research’s Malte Schaumann in a report issued on October 5. However, on the same day, Jefferies maintained a Sell rating on Infineon Technologies AG (Other OTC: IFNNF).

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Based on Infineon Technologies AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.62 billion and a net profit of $517 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $245 million

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IFNNF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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