DZ BANK AG Sticks to Their Buy Rating for Infineon Technologies AG (IFNNF)

In a report released today, Dirk Schlamp from DZ BANK AG maintained a Buy rating on Infineon Technologies AG (IFNNFResearch Report). The company’s shares closed last Tuesday at $39.05.

According to TipRanks.com, Schlamp is ranked #2180 out of 7491 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infineon Technologies AG with a $49.06 average price target, which is a 26.4% upside from current levels. In a report issued on April 22, J.P. Morgan also maintained a Buy rating on the stock with a EUR40.00 price target.

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The company has a one-year high of $44.25 and a one-year low of $17.33. Currently, Infineon Technologies AG has an average volume of 5,192.

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Infineon Technologies AG engages in the provision of semiconductor and system solutions. It operates through the following segments: Automotive; Industrial Power Control; Power Management and Multimarket; and Digital Security Solutions. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications. The Industrial Power Control segment involves in the design, development, manufacture, and marketing of semiconductors for the generation, transmission, and economy in the use of electrical energy. The Power Management and Multimarket segment includes design, development, manufacture, and marketing of semiconductors for energy-efficient power supplies as well as for mobile devices and mobile phone network infrastructures. The Digital Security Solutions segment designs, develops, manufactures, and markets semiconductor-based security products for card applications and network systems. The company was founded on April 1, 1999 and is headquartered in Munich, Germany.