Infineon Technologies (OTCMKTS:IFNNY) Rating Increased to Strong-Buy at Zacks Research

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. UBS Group downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Infineon Technologies Trading Down 4.5%

IFNNY opened at $89.36 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. Infineon Technologies has a 52 week low of $35.89 and a 52 week high of $103.28. The business’s 50 day moving average is $80.63 and its two-hundred day moving average is $59.16. The firm has a market cap of $116.45 billion, a price-to-earnings 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 firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.07%. On average, research analysts predict that Infineon Technologies will post 2.02 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.