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Infineon Technologies AG (IFNNF) Received its Third Buy in a Row

After Bernstein and Berenberg Bank gave Infineon Technologies AG (Other OTC: IFNNF) a Buy rating last month, the company received another Buy, this time from DZ BANK AG. Analyst Dirk Schlamp maintained a Buy rating on Infineon Technologies AG today. The company’s shares closed last Wednesday at $27.37.

According to TipRanks.com, Schlamp is ranked #3871 out of 7991 analysts.

Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $37.66, representing a 37.6% upside. In a report issued on July 27, Kepler Capital also maintained a Buy rating on the stock with a EUR40.00 price target.

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The company has a one-year high of $49.91 and a one-year low of $21.56. Currently, Infineon Technologies AG has an average volume of 11.32K.

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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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