New Buy Rating for Infineon Technologies AG (IFNNF), the Technology Giant

Warburg Research analyst Malte Schaumann maintained a Buy rating on Infineon Technologies AG (IFNNF – Research Report) today and set a price target of €40.00. The company’s shares closed yesterday at $39.54.

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According to TipRanks, Schaumann is ranked #1103 out of 9519 analysts.

In addition to Warburg Research, Infineon Technologies AG also received a Buy from Jefferies’s Janardan Menon in a report issued on May 16. However, on May 6, J.P. Morgan maintained a Hold rating on Infineon Technologies AG (Other OTC: IFNNF).

IFNNF market cap is currently $49.24B and has a P/E ratio of 59.04.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IFNNF in relation to earlier this year.