Infineon Technologies (OTCMKTS:IFNNY) Raised to Strong-Buy at Zacks Research

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on IFNNY. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. UBS Group lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Infineon Technologies Stock Down 4.5%

IFNNY opened at $89.36 on Thursday. Infineon Technologies has a fifty-two week low of $35.89 and a fifty-two week high of $103.28. The firm has a market capitalization of $116.45 billion, a P/E ratio of 87.61, a PEG ratio of 1.09 and a beta of 2.22. The company’s 50-day moving average is $80.63 and its 200 day moving average is $59.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90.

Infineon Technologies (OTCMKTS:IFNNY) last released 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). The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.07%. Research analysts expect that Infineon Technologies will post 2.02 earnings per share for the current fiscal 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.