Infineon Technologies AG (OTCMKTS:IFNNF) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Infineon Technologies AG (OTCMKTS:IFNNF) have earned an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.25.
Several equities analysts have recently weighed in on the company. Bank of America reissued a “buy” rating and set a $25.00 price target on shares of Infineon Technologies in a report on Monday, June 3rd. Oddo Securities reissued a “hold” rating on shares of Infineon Technologies in a report on Friday, July 12th. Barclays reissued a “sell” rating and set a $15.50 price target on shares of Infineon Technologies in a report on Tuesday, June 11th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $21.50 price target on shares of Infineon Technologies in a report on Wednesday, June 19th.
IFNNF stock remained flat at $$19.95 during midday trading on Monday. The company had a trading volume of 100 shares, compared to its average volume of 8,294. Infineon Technologies has a fifty-two week low of $15.50 and a fifty-two week high of $24.10. The business has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $19.72.
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. The company operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Digital Security Solutions. The Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; and voltage regulators for use in assistance and safety systems, comfort electronics, and powertrain and security products.
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