Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Time to Sell?

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $79.6550, but opened at $74.48. Infineon Technologies shares last traded at $76.05, with a volume of 42,426 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Infineon Technologies currently has a consensus rating of “Buy”.

Infineon Technologies Price Performance

The stock has a market capitalization of $97.43 billion, a P/E ratio of 73.29, a PEG ratio of 0.90 and a beta of 2.22. The company’s 50 day simple moving average is $86.81 and its two-hundred day simple moving average is $64.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.07%. As a group, equities analysts expect that Infineon Technologies AG will post 2.01 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.