Infineon Technologies (OTCMKTS:IFNNY) Sees Strong Trading Volume – Still a Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) saw unusually-high trading volume on Friday . Approximately 948,296 shares traded hands during mid-day trading, an increase of 178% from the previous session’s volume of 340,829 shares.The stock last traded at $43.72 and had previously closed at $42.62.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Infineon Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Infineon Technologies Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $57.18 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 3.91 and a beta of 1.80. The stock’s 50-day simple moving average is $39.43 and its two-hundred day simple moving average is $40.31.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, November 12th. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Infineon Technologies had a return on equity of 10.88% and a net margin of 7.57%. Equities research analysts predict that Infineon Technologies AG will post 1.61 earnings per share for the current year.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.