Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of Infineon Technologies AG (NASDAQ:IFNNY) in a report published on Thursday morning, MarketBeat reports.

A number of other research firms have also recently commented on IFNNY. Zacks Investment Research upgraded Infineon Technologies AG from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, May 23rd. Sanford C. Bernstein reiterated an outperform rating on shares of Infineon Technologies AG in a research report on Tuesday, September 12th.

Shares of Infineon Technologies AG (IFNNY) traded up 1.24% during mid-day trading on Thursday, hitting $24.57. The stock had a trading volume of 46,644 shares. Infineon Technologies AG has a 52-week low of $16.16 and a 52-week high of $24.73. The firm has a 50 day moving average price of $22.94 and a 200 day moving average price of $21.29. The firm has a market cap of $27.74 billion and a PE ratio of 28.54.

Infineon Technologies AG (NASDAQ:IFNNY) last posted its earnings results on Tuesday, August 1st. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Infineon Technologies AG had a return on equity of 18.51% and a net margin of 13.65%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.08 billion. Equities analysts predict that Infineon Technologies AG will post $1.06 EPS for the current year.

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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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