Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Here’s What Happened

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) gapped down prior to trading on Thursday . The stock had previously closed at $77.46, but opened at $73.73. Infineon Technologies shares last traded at $73.02, with a volume of 28,767 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IFNNY shares. Zacks Research upgraded Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upgraded Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Infineon Technologies has an average rating of “Buy”.

Infineon Technologies Stock Performance

The company has a market cap of $95.26 billion, a P/E ratio of 71.67, a P/E/G ratio of 0.86 and a beta of 2.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90. The business has a 50-day moving average of $86.58 and a two-hundred day moving average of $63.40.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. On average, sell-side analysts predict that Infineon Technologies AG will post 2.01 EPS for the current fiscal year.

About Infineon Technologies

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.