In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on Infineon Technologies AG (IFNNF – Research Report), with a price target of EUR38.50. The company’s shares closed yesterday at $37.20.
Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Telefonaktiebolaget LM Ericsson, and Nokia. According to TipRanks, Deshpande has an average return of 10.9% and a 53.44% success rate on recommended stocks.
In addition to J.P. Morgan, Infineon Technologies AG also received a Hold from Morgan Stanley’s Lee Simpson in a report issued yesterday. However, today, Jefferies maintained a Sell rating on Infineon Technologies AG (Other OTC: IFNNF).
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IFNNF market cap is currently $47.18B and has a P/E ratio of 20.98.
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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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