Berenberg Bank analyst Tammy Qiu maintained a Buy rating on Infineon Technologies AG (IFNNF – Research Report) yesterday and set a price target of EUR44.00. The company’s shares closed yesterday at $38.50.
According to TipRanks, Qiu is ranked #479 out of 8302 analysts.
Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $45.72, implying a 18.75% upside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a EUR47.00 price target.
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The company has a one-year high of $39.86 and a one-year low of $21.29. Currently, Infineon Technologies AG has an average volume of 3,615.
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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.
Read More on IFNNF:
- Infineon price target raised to EUR 48 from EUR 47 at Barclays
- Infineon price target raised to EUR 49.10 from EUR 47.40 at Credit Suisse
- Infineon price target raised to EUR 44 from EUR 40 at Berenberg
- Infineon price target raised to EUR 35 from EUR 32.50 at Morgan Stanley
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