Credit Suisse analyst Adithya Metuku maintained a Buy rating on Infineon Technologies AG (IFNNF – Research Report) today and set a price target of EUR49.10. The company’s shares opened today at $39.82.
According to TipRanks, Metuku is a 4-star analyst with an average return of 19.3% and a 70.83% success rate.
In addition to Credit Suisse, Infineon Technologies AG also received a Buy from Goldman Sachs’s Alexander Duval in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on Infineon Technologies AG (Other OTC: IFNNF).
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The company has a one-year high of $40.00 and a one-year low of $21.29. Currently, Infineon Technologies AG has an average volume of 5,004.
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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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