Goldman Sachs Group, Inc. (The) Reiterates Neutral Rating for Infineon Technologies AG (IFNNY)
Infineon Technologies AG (NASDAQ:IFNNY)‘s stock had its “neutral” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a report issued on Thursday.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Infineon Technologies AG from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Infineon Technologies AG in a research note on Tuesday.
Shares of Infineon Technologies AG (NASDAQ:IFNNY) traded down 0.41% on Thursday, reaching $24.27. The company had a trading volume of 4,556 shares. The stock has a market capitalization of $27.40 billion and a PE ratio of 28.19. Infineon Technologies AG has a 52-week low of $16.16 and a 52-week high of $24.73. The company has a 50 day moving average price of $22.78 and a 200 day moving average price of $21.22.
Infineon Technologies AG (NASDAQ:IFNNY) last announced its earnings results on Tuesday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Infineon Technologies AG had a net margin of 13.65% and a return on equity of 18.51%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.08 billion. On average, equities research analysts anticipate that Infineon Technologies AG will post $1.05 earnings per share for the current year.
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About Infineon Technologies AG
Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: 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.
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