Infineon Technologies (OTCMKTS:IFNNY) Sees Strong Trading Volume – Should You Buy?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) saw strong trading volume on Thursday . 1,342,711 shares changed hands during mid-day trading, an increase of 347% from the previous session’s volume of 300,131 shares.The stock last traded at $55.13 and had previously closed at $55.67.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Infineon Technologies currently has an average rating of “Buy”.

Infineon Technologies Trading Down 1.1%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The firm has a 50-day moving average of $48.57 and a 200-day moving average of $43.01. The firm has a market capitalization of $67.63 billion, a P/E ratio of 59.19, a price-to-earnings-growth ratio of 1.05 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.65 billion. On average, equities research analysts anticipate that Infineon Technologies AG will post 1.61 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.