Infineon Technologies (OTCMKTS:IFNNY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a buy rating in a research note released on Thursday morning.

Separately, Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Infineon Technologies currently has a consensus rating of “Buy”.

Infineon Technologies Trading Up 1.5%

OTCMKTS:IFNNY opened at $51.51 on Thursday. Infineon Technologies has a one year low of $25.80 and a one year high of $52.75. The business has a fifty day moving average price of $46.79 and a 200-day moving average price of $42.24. The firm has a market capitalization of $63.28 billion, a price-to-earnings ratio of 55.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.37% and a net margin of 7.51%.The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Sell-side 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.