New Buy Rating for Infineon Technologies AG (IFNNF), the Technology Giant

Deutsche Bank analyst Johannes Schaller CFA maintained a Buy rating on Infineon Technologies AG (IFNNFResearch Report) today and set a price target of EUR44.00. The company’s shares closed last Friday at $38.75.

According to TipRanks, Schaller CFA is a 4-star analyst with an average return of 6.0% and a 55.45% success rate.

Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $45.02, a 16.18% upside from current levels. In a report released on February 3, UBS also maintained a Buy rating on the stock with a EUR47.00 price target.

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Based on Infineon Technologies AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.95 billion and a net profit of $728 million. In comparison, last year the company earned a revenue of $3.16 billion and had a net profit of $457 million

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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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