Infineon Technologies (OTCMKTS:IFNNY) Hits New 1-Year Low at $24.28

Infineon Technologies AG (OTCMKTS:IFNNYGet Rating) shares hit a new 52-week low on Thursday . The stock traded as low as $24.28 and last traded at $24.60, with a volume of 252608 shares changing hands. The stock had previously closed at $25.26.

IFNNY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Infineon Technologies from €50.00 ($52.63) to €40.00 ($42.11) and set a “buy” rating for the company in a research report on Wednesday, May 11th. Barclays dropped their price target on shares of Infineon Technologies from €45.00 ($47.37) to €30.00 ($31.58) in a research report on Tuesday, April 12th. Citigroup dropped their price target on shares of Infineon Technologies from €44.00 ($46.32) to €38.00 ($40.00) and set a “buy” rating for the company in a research report on Wednesday, May 11th. Societe Generale decreased their price target on shares of Infineon Technologies from €52.00 ($54.74) to €44.00 ($46.32) and set a “buy” rating for the company in a research note on Tuesday, May 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Infineon Technologies from €45.00 ($47.37) to €38.50 ($40.53) and set a “neutral” rating for the company in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Infineon Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.56.

The firm has a market capitalization of $32.13 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68. The company has a current ratio of 2.14, a quick ratio of 1.47 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $28.88 and its two-hundred day simple moving average is $35.17.

Infineon Technologies Company Profile (OTCMKTS:IFNNY)

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and related system solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; silicon carbide diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.

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