Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Should You Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped up before the market opened on Monday. The stock had previously closed at $49.97, but opened at $53.94. Infineon Technologies shares last traded at $53.94, with a volume of 18,621 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IFNNY. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. DZ Bank upgraded Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Infineon Technologies Stock Performance

The business has a 50-day moving average of $62.92 and a two-hundred day moving average of $65.36. The company has a market cap of $70.82 billion, a P/E ratio of 48.09, a P/E/G ratio of 0.36 and a beta of 2.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97.

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor company headquartered in Neubiberg. The company develops and manufactures chips and related solutions for automotive, industrial, consumer, communications and security applications. Infineon originated as the semiconductor business of Siemens and became an independent company in 1999.

Its products include automotive semiconductors, power semiconductors and sensors, microcontrollers, and security chips. These technologies support applications such as vehicle electrification and driver-assistance systems, energy conversion and management, industrial automation, connected devices and digital security.

Infineon serves customers worldwide, with operations and business activities spanning multiple regions.