Infineon Technologies (ETR:IFX) Upgrade
Baader Wertpapierhandelsbank upgraded shares of Infineon Technologies (ETR:IFX) to “Buy” rating in a note issued to investors and clients on 2 October. The firm currently has a EUR 13.00 PT on the stock. Baader Wertpapierhandelsbank’s PT would indicate a potential upside of 32.52% from the stock’s close price.
In spite of this stock rating upgrade ETR:IFX is now trading -2.46% lower at EUR 9.81 as of 04:39 Frankfurt time. Infineon Technologies shares have gained 14.13% over the last 200 days, while the S&P 500 has declined -3.31% for the same time period.
Infineon Technologies (ETR:IFX) Profile
Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. It diversifies its operations into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. The Automotive division designs, develops, manufactures and markets semiconductors for use in automotive applications.
Infineon Technologies (ETR:IFX) traded down -2.46% on 2 October, hitting EUR 9.81. A total of 7.25 million shares of the company’s stock traded hands. This is down from average of 10.06 million shares. Infineon Technologies has a 52 week low of EUR 6.81 and a 52 week high of EUR 12.51. The company has a market cap of 10.53B EUR and a P/E ratio of 24.79.
