Norddeutsche Landesbank analyst Alexander Zienkowicz maintained a Buy rating on Infineon (OTC:IFNNY) Technologies AG on Tuesday, setting a price target of EUR36.5, which is approximately 1.23% below the present share price of $43.92.
Zienkowicz expects Infineon Technologies AG to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Infineon Technologies AG, with an average price target of $48.4.
The analysts price targets range from a high of $53.48 to a low of $41.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.72 billion and a net profit of $347 million. The company's market cap is $57.15 billion.
According to TipRanks.com, Norddeutsche Landesbank analyst Alexander Zienkowicz is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of 0.8% and a 71.43% 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.