Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNY) gapped down prior to trading on Friday . The stock had previously closed at $99.09, but opened at $91.11. Infineon Technologies shares last traded at $89.7625, with a volume of 56,581 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on IFNNY. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Infineon Technologies Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.59. The firm has a market capitalization of $116.43 billion, a price-to-earnings ratio of 87.59, a price-to-earnings-growth ratio of 1.23 and a beta of 2.22. The business has a fifty day moving average of $66.49 and a two-hundred day moving average of $53.53.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.46 billion. As a group, research analysts predict that Infineon Technologies AG will post 2.03 EPS for the current fiscal 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.