Rating Alert: Independent Research GmbH Reconfirms Infineon Technologies (ETR:IFX) As Neutral; Has Target Price per Share Of EUR 17.00

November 24, 2016 - By Darrin Black

Rating Alert: Independent Research GmbH Reconfirms Infineon Technologies (ETR:IFX) As Neutral; Has Target Price per Share Of EUR 17.00

Infineon Technologies (ETR:IFX) Rating

They currently have a EUR 17.00 TP on Infineon Technologies (ETR:IFX). Independent Research GmbH’s target would suggest a potential upside of 1.13% from the company’s last stock close. This was revealed to clients and investors in a research note on Thursday morning.

Infineon Technologies AG (ETR:IFX) Ratings Coverage

Out of 21 analysts covering Infineon Technologies (ETR:IFX), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. €18.50 is the highest target while €9 is the lowest. The €14.78 average target is -11.18% below today’s (€16.64) stock price. Infineon Technologies has been the topic of 137 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Wednesday, July 13 by Bernstein. The rating was upgraded by BNP Paribas on Saturday, September 12 to “Outperform”. Independent Research upgraded the shares of IFX in a report on Friday, June 24 to “Buy” rating. The company was downgraded on Friday, November 20 by Morgan Stanley. The company was upgraded on Friday, September 25 by Bernstein. The firm earned “Hold” rating on Thursday, November 26 by Hauck & Aufhäuser Privatbankiers KGaA. BNP Paribas upgraded the stock to “Outperform” rating in Saturday, September 26 report. BNP Paribas maintained the stock with “Neutral” rating in Saturday, February 6 report. The company was upgraded on Thursday, February 4 by Commerzbank. The firm earned “Buy” rating on Wednesday, August 3 by DZ-Bank AG.

About 2.59 million shares traded hands. Infineon Technologies AG (ETR:IFX) has risen 4.05% since April 27, 2016 and is uptrending. It has underperformed by 1.36% the S&P500.

Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The company has a market cap of 18.84 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 22.47 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.

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