Infineon Technologies (OTCMKTS:IFNNY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. UBS Group lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Infineon Technologies presently has a consensus rating of “Buy”.

Infineon Technologies Price Performance

Shares of Infineon Technologies stock opened at $89.36 on Thursday. The company has a current ratio of 1.59, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $80.63 and its two-hundred day moving average price is $59.16. Infineon Technologies has a 52 week low of $35.89 and a 52 week high of $103.28. The stock has a market cap of $116.45 billion, a PE ratio of 87.61, a price-to-earnings-growth ratio of 1.09 and a beta of 2.22.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data 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 business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.07%. As a group, sell-side analysts anticipate 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.