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Infineon Technologies AG (IFNNF) Receives a Buy from Kepler Capital

Kepler Capital analyst Carola Holtz maintained a Buy rating on Infineon Technologies AG (IFNNFResearch Report) on August 3 and set a price target of EUR40.00. The company’s shares closed last Thursday at $29.29.

According to TipRanks.com, Holtz is a 1-star analyst with an average return of -1.1% and a 41.6% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Hermes International, and Stellantis.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infineon Technologies AG with a $37.06 average price target, implying a 27.4% upside from current levels. In a report issued on August 3, Goldman Sachs also maintained a Buy rating on the stock with a EUR38.00 price target.

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Infineon Technologies AG’s market cap is currently $36.76B and has a P/E ratio of 16.83.

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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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