Jefferies Financial Group Analysts Increase Earnings Estimates for Infineon Technologies AG (OTCMKTS:IFNNY) – MarketBeat
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Infineon Technologies AG (OTCMKTS:IFNNY – Get Rating) – Analysts at Jefferies Financial Group boosted their FY2022 earnings per share estimates for shares of Infineon Technologies in a research report issued to clients and investors on Thursday, August 4th. Jefferies Financial Group analyst J. Menon now expects that the technology company will earn $2.02 per share for the year, up from their prior estimate of $1.85. The consensus estimate for Infineon Technologies’ current full-year earnings is $1.93 per share. Jefferies Financial Group also issued estimates for Infineon Technologies’ FY2023 earnings at $1.71 EPS, FY2024 earnings at $1.92 EPS and FY2025 earnings at $2.32 EPS.
IFNNY has been the subject of several other reports. Citigroup decreased their target price on Infineon Technologies from €44.00 ($45.36) to €38.00 ($39.18) and set a “buy” rating for the company in a research report on Wednesday, May 11th. JPMorgan Chase & Co. cut their price target on Infineon Technologies from €45.00 ($46.39) to €38.50 ($39.69) and set a “neutral” rating for the company in a research note on Tuesday, May 10th. Barclays cut their price target on Infineon Technologies from €45.00 ($46.39) to €30.00 ($30.93) in a research note on Tuesday, April 12th. Societe Generale cut their price target on Infineon Technologies from €52.00 ($53.61) to €44.00 ($45.36) and set a “buy” rating for the company in a research note on Tuesday, May 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Infineon Technologies from €50.00 ($51.55) to €40.00 ($41.24) and set a “buy” rating for the company in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.82.
Infineon Technologies Trading Down 3.1 %
Shares of Infineon Technologies stock opened at $28.49 on Monday. Infineon Technologies has a 1 year low of $21.49 and a 1 year high of $49.99. The firm has a market cap of $37.21 billion, a PE ratio of 17.37, a P/E/G ratio of 0.76 and a beta of 1.71. The stock has a fifty day moving average price of $26.14 and a 200-day moving average price of $30.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.47.
Infineon Technologies (OTCMKTS:IFNNY – Get Rating) last issued its earnings results on Monday, May 9th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. Infineon Technologies had a return on equity of 18.65% and a net margin of 14.59%.
Infineon Technologies Company Profile
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Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and related system solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; silicon carbide diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.
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