J.P. Morgan analyst Sandeep Deshpande maintained a Buy rating on Infineon (OTC:IFNNY) Technologies AG on Thursday, setting a price target of EUR34.5, which is approximately 2.17% above the present share price of $40.64.
Deshpande expects Infineon Technologies AG to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Infineon Technologies AG, with an average price target of $38.37.
The analysts price targets range from a high of $51.39 to a low of $30.09.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.49 billion and a net profit of $182 million. The company's market cap is $52.86 billion.
According to TipRanks.com, J.P. Morgan analyst Sandeep Deshpande is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.7% and a 75.00% success rate.
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.