Commerzbank AG set a €16.50 ($17.93) target price on Infineon Technologies AG (ETR:IFXA) in a research note published on Tuesday morning, MarketBeat.Com reports. The firm currently has a a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Baader Bank set a €13.00 ($14.13) price objective on Infineon Technologies AG and gave the stock a buy rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. set a €12.50 ($13.59) price target on shares of Infineon Technologies AG and gave the company a buy rating in a research report on Monday, October 12th. Deutsche Bank set a €12.50 ($13.59) price target on shares of Infineon Technologies AG and gave the company a buy rating in a research report on Monday, October 12th. BNP Paribas set a €12.60 ($13.70) price target on shares of Infineon Technologies AG and gave the company a buy rating in a research report on Monday, October 12th. Finally, Barclays set a €12.50 ($13.59) price target on shares of Infineon Technologies AG and gave the company a buy rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Infineon Technologies AG currently has an average rating of Hold and a consensus target price of €13.38 ($14.55).

Infineon Technologies AG (ETR:IFXA) opened at 11.811 on Tuesday. Infineon Technologies AG has a 12 month low of €8.59 and a 12 month high of €14.19. The firm has a 50-day moving average price of €12.90 and a 200-day moving average price of €11.14.

Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. It diversifies its operations into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. The Automotive division designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control division designs, develops, manufactures and markets semiconductors and system solutions primarily for use in industrial electronic applications and in applications with customer-specific product requirements. The Chip Card & Security division designs, develops, manufactures and markets various security controllers and security memories for chip card and security applications. The Power Management and Multimarket division focuses on components for power management on high-frequency applications.

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