Infineon Technologies (OTCMKTS:IFNNY) Upgraded by DZ Bank to Strong-Buy Rating

DZ Bank upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Infineon Technologies currently has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Performance

IFNNY opened at $65.59 on Thursday. The business’s 50-day moving average price is $75.99 and its two-hundred day moving average price is $67.90. Infineon Technologies has a 1 year low of $35.89 and a 1 year high of $103.28. The company has a market capitalization of $85.48 billion, a price-to-earnings ratio of 58.04, a P/E/G ratio of 0.74 and a beta of 2.26. 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 posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.55% and a net margin of 8.37%. Equities analysts expect that Infineon Technologies will post 2.02 EPS 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.