Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $69.04, but opened at $74.1385. Infineon Technologies shares last traded at $73.55, with a volume of 23,333 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IFNNY shares. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Finally, UBS Group lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Performance

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 stock has a market capitalization of $93.11 billion, a PE ratio of 74.30, a price-to-earnings-growth ratio of 0.98 and a beta of 2.11. The firm’s fifty day moving average price is $52.81 and its two-hundred day moving average price is $47.87.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.21%. As a group, equities research analysts forecast that Infineon Technologies AG will post 2.01 EPS for the current 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.