In a report released today, Janardan Menon from Jefferies maintained a Sell rating on Infineon Technologies AG (IFNNF – Research Report), with a price target of EUR18.00. The company’s shares closed yesterday at $26.66.
According to TipRanks, Menon is a 3-star analyst with an average return of 8.8% and a 52.38% success rate.
Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $37.84.
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Based on Infineon Technologies AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.62 billion and a net profit of $517 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $245 million
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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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