Infineon Technologies (OTCMKTS:IFNNY) Hits New 52-Week High – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNY) shares hit a new 52-week high on Tuesday . The stock traded as high as $89.42 and last traded at $89.36, with a volume of 36538 shares trading hands. The stock had previously closed at $84.80.

Analyst Upgrades and Downgrades

IFNNY has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Infineon Technologies Trading Up 5.9%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The company’s fifty day simple moving average is $58.34 and its 200-day simple moving average is $50.39. The company has a market capitalization of $110.31 billion, a P/E ratio of 88.03, a PEG ratio of 1.13 and a beta of 2.11.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Infineon Technologies had a return on equity of 11.21% and a net margin of 7.84%.The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.46 billion. Research analysts predict that Infineon Technologies AG will post 2.03 earnings per share for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.