Infineon Technologies (ETR:IFX) Rating Reconfirmed

Infineon Technologies (ETR:IFX) had its stock rating noted as “Hold” by analysts at Independent Research GmbH. Independent Research GmbH currently has a EUR 18.00 target on the 19.23 billion EUR market cap company or 6.07 % upside potential. This was released in a note on 20 February.

ETR:IFX is at the moment trading -0.26% lower at EUR 16.95 as of 6:05 PM Frankfurt time. Infineon Technologies’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has increased 14.63% in the same time period.

Infineon Technologies (ETR:IFX) Profile

Infineon Technologies AG and its subsidiaries design, develop, manufacture and market a range of semiconductors and related system solutions. The Company’s segments include Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.

Infineon Technologies (ETR:IFX) traded down -0.26% on 20 February, hitting EUR 16.95. A total of 2.42 million shares of the company’s stock traded hands. This is down from average of 4.32 million shares. Infineon Technologies has a 52 week low of EUR 10.83 and a 52 week high of EUR 17.97. The company has a market cap of 19.23 billion EUR and a P/E ratio of 25.71.

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The post Independent Research GmbH Reconfirms EUR 18.00 Target On Infineon Technologies (ETR:IFX), Reconfirms “Hold” Rating appeared first on Octafinance.