Infineon Technologies AG (OTCMKTS:IFNNY) has been given an average recommendation of “Hold” by the seventeen ratings firms that are presently covering the firm, Market Beat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company.

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) traded up 3.300% on Friday, reaching $13.429. The company had a trading volume of 440,114 shares. The firm has a 50-day moving average price of $14.14 and a 200 day moving average price of $12.33. Infineon Technologies AG has a 1-year low of $9.83 and a 1-year high of $15.29. The firm has a market capitalization of $15.08 billion and a price-to-earnings ratio of 21.943.

IFNNY has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Infineon Technologies AG in a research report on Tuesday, October 6th. Morgan Stanley reiterated a “sell” rating on shares of Infineon Technologies AG in a research report on Thursday, November 19th. Zacks Investment Research downgraded shares of Infineon Technologies AG from a “hold” rating to a “sell” rating in a research report on Tuesday, November 24th. Oddo & Cie downgraded shares of Infineon Technologies AG to a “neutral” rating in a research report on Monday, November 30th. Finally, DZ Bank AG reiterated a “neutral” rating on shares of Infineon Technologies AG in a research report on Tuesday, December 1st.

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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