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Infineon Technologies AG (ADR) (IFNNY) [hlAlert]

3 Months Gains
up 5.48 %

Infineon Technologies AG (ADR) (IFNNY) upgraded to Overweight by HSBC Securities

Posted on: Friday,  Jan 31, 2014  8:25 AM ET by HSBC Securities

Infineon Technologies AG (ADR)
(OTCBB: IFNNY) upgraded to Overweight by HSBC Securities.

Infineon Technologies AG (Infineon) designs, develops, manufactures and markets a range of semiconductors and complete system solutions used in a variety of microelectronic applications, including computer systems, telecommunications systems, consumer goods, automotive products, industrial automation and control systems, and chip card applications. Its products include standard commodity components, full-custom devices, semi-custom devices, and application-specific components for analog, digital, and mixed-signal applications. It operates under four segments: Automotive, Industrial and Multimarket, Chip Card and Security, and Wireless Solutions. Infineon operations are located primarily in Europe, Asia and North America. On January 23, 2009, Qimonda filed an application to commence insolvency proceedings. On March 4, 2009, the Company sold the business of its wholly-owned subsidiary Infineon Technologies SensoNor AS. On July 7, 2009, Infineon sold Wireline Communications business.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2014 8:25 AM Buy
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2013 8:25 AM Hold
2/14/2013 8:25 AM Sell
6/27/2012 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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