Goldman Sachs Sticks to Their Hold Rating for Infineon Technologies AG
Goldman Sachs (NYSE:GS) analyst Alexander Duval maintained a Hold rating on Infineon (OTC:IFNNY) Technologies AG on Monday, setting a price target of EUR18.5, which is approximately 1.54% above the present share price of $18.22.
Duval expects Infineon Technologies AG to post earnings per share (EPS) of $0.00 for the second quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Infineon Technologies AG, with an average price target of $21.02.
The analysts price targets range from a high of $25.98 to a low of $15.69.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.99 billion and a net profit of $226 million. The company's market cap is $23.02 billion.
According to TipRanks.com, Goldman Sachs analyst Alexander Duval is a 5-star analyst with an average return of 11.3% and a 66.3% 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.
