In a report released today, Malte Schaumann from Warburg Research maintained a Buy rating on Infineon Technologies AG (IFNNF – Research Report), with a price target of EUR36.00. The company’s shares closed yesterday at $28.04.
According to TipRanks, Schaumann is ranked #4639 out of 7951 analysts.
In addition to Warburg Research, Infineon Technologies AG also received a Buy from Citigroup’s Amit Harchandani in a report issued yesterday. However, on August 3, J.P. Morgan maintained a Hold rating on Infineon Technologies AG (Other OTC: IFNNF).
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IFNNF market cap is currently $36.54B and has a P/E ratio of 17.22.
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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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