Infineon Technologies (OTCMKTS:IFNNY) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a neutral rating to an overweight rating in a report issued on Friday morning, MarketBeat reports.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. UBS Group lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Performance

Shares of IFNNY opened at $42.89 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of $52.69 billion, a PE ratio of 46.12, a P/E/G ratio of 0.83 and a beta of 1.77. Infineon Technologies has a 12 month low of $25.80 and a 12 month high of $56.19. The stock has a fifty day moving average price of $49.64 and a 200-day moving average price of $43.66.

Infineon Technologies (OTCMKTS:IFNNY) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Equities research analysts predict that Infineon Technologies will post 1.61 earnings per share 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.