According to Zacks, “Infineon Technologies designs, produces and sells semiconductors, the microchips which have enabled the information age, and have led to a vast increase in the speed, portability and capabilities of computers and a myriad other electronic devices. Infineon is active in providing application-oriented semiconductor solutions for use in sectors such as speech and data communications, peripherals, wireless communications, automotive and industrial electronics, security and chip cards as well as memory products. “
Several other research firms have also weighed in on IFNNY. Credit Suisse Group upgraded Infineon Technologies from an underperform rating to an outperform rating in a report on Monday, March 22nd. UBS Group reiterated a buy rating on shares of Infineon Technologies in a research note on Wednesday, March 3rd. JPMorgan Chase & Co. restated an overweight rating on shares of Infineon Technologies in a research note on Friday, February 5th. Barclays reissued an equal weight rating on shares of Infineon Technologies in a report on Friday, February 5th. Finally, Oddo Bhf raised Infineon Technologies from a neutral rating to an outperform rating in a report on Tuesday, February 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $45.00.
Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, February 3rd. The technology company reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Infineon Technologies had a return on equity of 8.24% and a net margin of 4.32%. The company had revenue of $3.14 billion for the quarter. As a group, equities analysts predict that Infineon Technologies will post 1.13 EPS for the current fiscal year.
Infineon Technologies Company Profile
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and related system solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; silicon carbide diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.
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