Infineon Technologies (OTCMKTS:IFNNY) Downgraded by Zacks Research to “Hold”

Infineon Technologies (OTCMKTS:IFNNY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Infineon Technologies Price Performance

Shares of IFNNY opened at $50.64 on Wednesday. The company’s 50-day moving average is $46.64 and its 200-day moving average is $42.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98. The firm has a market capitalization of $62.21 billion, a PE ratio of 54.45, a PEG ratio of 1.00 and a beta of 1.80. Infineon Technologies has a fifty-two week low of $25.80 and a fifty-two week high of $52.75.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.65 billion. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.37%. Equities analysts forecast that Infineon Technologies will post 1.61 EPS for the current 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.