Infineon Technologies AG (IFNNY) Rating Increased to Buy at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) upgraded shares of Infineon Technologies AG (NASDAQ:IFNNY) from a neutral rating to a buy rating in a report released on Monday, May 15th, MarketBeat Ratings reports.
Separately, Zacks Investment Research upgraded Infineon Technologies AG from a sell rating to a hold rating in a research note on Thursday, May 4th.
Shares of Infineon Technologies AG (NASDAQ:IFNNY) traded up 2.64% on Monday, hitting $22.15. The stock had a trading volume of 102,053 shares. The firm’s 50-day moving average is $21.57 and its 200-day moving average is $19.14. The company has a market cap of $25.01 billion and a price-to-earnings ratio of 29.53. Infineon Technologies AG has a one year low of $13.16 and a one year high of $23.01.
Infineon Technologies AG (NASDAQ:IFNNY) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, analysts expect that Infineon Technologies AG will post $1.00 EPS for the current fiscal year.
About Infineon Technologies AG
Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.
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