Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $65.01, but opened at $67.57. Infineon Technologies shares last traded at $67.0837, with a volume of 7,844 shares.
Analysts Set New Price Targets
A number of research analysts recently weighed in on IFNNY shares. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a research note on Thursday, August 27th. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Infineon Technologies currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on IFNNY
Infineon Technologies Trading Up 3.3%
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. Research analysts predict that Infineon Technologies AG will post 2.02 EPS for the current fiscal year.
Infineon Technologies Company Profile
Infineon Technologies AG is a semiconductor company headquartered in Neubiberg, Germany. The company develops and manufactures semiconductor solutions for the automotive, industrial, communications, consumer electronics and energy markets. Its portfolio includes power semiconductors, microcontrollers, sensors, connectivity components and security products.
Infineon’s automotive products support applications such as electric and hybrid vehicles, vehicle power management, advanced driver-assistance systems and automotive connectivity.
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