Reaffirmed: Infineon Technologies (ETR:IFX) Hold Rating Reiterated by Independent Research GmbH; EUR 14.30 Target in Place

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Infineon Technologies (ETR:IFX) Rating Reaffirmed

Recently, In an analyst research report revealed on Friday, 4 December, Infineon Technologies (ETR:IFX) shares have had their Hold Rating kept steady by equity analysts at Independent Research GmbH, who currently has a EUR 14.30 PT on firm. This target by Independent Research GmbH may suggest the possibile upside of 4.99% from the previous close.

From a total of 18 analysts covering Infineon Technologies (ETR:IFX) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is €16.50 while the lowest target price is €9.40. The mean of all analyst targets is €12.96 with a -4.57% below today’s (€13.58) stock price. Infineon Technologies was the topic of 45 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. DZ-Bank AG maintained shares on December 2 with “Hold” rating. UBS maintained shares with “Neutral” rating and €13 target share price in a report from a November 28. Baader Wertpapierhandelsbank upgraded IFX stock in a recent report from November 28 to “Buy” rating. Kepler Cheuvreux maintained the rating on November 27. Kepler Cheuvreux has a “Hold” rating and a €10 price target on shares. Finally, BNP Paribas upgraded the stock to “Outperform” rating in a report issued on a November 28.

The stock decreased 3.21% or EUR 0.45 on December 3, striking EUR 13.58. Approximately 10.70 million shares of stock traded hands or 60.66% up from the average. Infineon Technologies AG (ETR:IFX) has declined 2.50% since May 7, 2015 and is downtrending. It has underperformed by 2.21% the S&P500.

Reaffirmed: Infineon Technologies (ETR:IFX) Hold Rating Reiterated by Independent Research GmbH; EUR 14.30 Target in Place

Infineon Technologies AG is a Germany firm developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. The company has a market cap of 15.34 billion EUR. It diversifies its activities into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. It has 24.68 P/E ratio. The Automotive division designs, develops, makes and markets semiconductors for use in automotive applications.

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