Infineon Technologies (OTCMKTS:IFNNY) Downgraded to Hold Rating by UBS Group

UBS Group downgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on IFNNY. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Infineon Technologies currently has an average rating of “Moderate Buy”.

Infineon Technologies Price Performance

Infineon Technologies stock traded down $3.62 during midday trading on Friday, reaching $45.55. 187,872 shares of the stock traded hands, compared to its average volume of 316,418. The stock has a market cap of $55.96 billion, a P/E ratio of 48.98, a PEG ratio of 0.94 and a beta of 1.77. The stock’s fifty day moving average is $49.71 and its 200-day moving average is $43.42. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Infineon Technologies has a 12 month low of $25.80 and a 12 month high of $56.19.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%. As a group, equities research analysts anticipate 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.