Rating Change: Frankfurt: Infineon Technologies (ETR:IFX)’s Stock Had Its “Hold” Rating Restated at Hauck & Aufhäuser Privatbankiers KGaA in Report Issued Today. Has EUR 12.40 Target

November 24, 2016 - By Vivian Park

Rating Change: Frankfurt: Infineon Technologies (ETR:IFX)'s Stock Had Its

Infineon Technologies (ETR:IFX) Rating

In analysts report shared with investors and clients on today, Hauck & Aufhäuser Privatbankiers KGaA reiterated their “Hold” rating on Infineon Technologies (ETR:IFX)‘s stock. The TP would suggest a potential downside of -26.23% from company’s last stock price.

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 rating was downgraded by Morgan Stanley to “Underweight” on Wednesday, February 10. The stock of Infineon Technologies AG (ETR:IFX) has “Hold” rating given on Thursday, November 24 by Warburg Research. On Wednesday, May 4 the stock rating was maintained by Bernstein with “Market Perform”. The company was maintained on Wednesday, September 16 by Berenberg. Commerzbank upgraded the stock to “Buy” rating in Friday, November 27 report. Landesbank upgraded Infineon Technologies AG (ETR:IFX) on Friday, November 27 to “Buy” rating. Credit Suisse upgraded it to “Outperform” rating and €14.25 target price in Saturday, January 30 report. Baader Wertpapierhandelsbank upgraded the shares of IFX in a report on Saturday, April 30 to “Buy” rating. The stock of Infineon Technologies AG (ETR:IFX) has “Hold” rating given on Thursday, November 24 by Hauck & Aufhäuser Privatbankiers KGaA. The firm has “Hold” rating by Landesbank given on Thursday, August 4.

About 2.61 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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