Infineon Technologies (OTCMKTS:IFNNY) Sets New 12-Month High – Still a Buy?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $45.20 and last traded at $45.07, with a volume of 14035 shares trading hands. The stock had previously closed at $43.98.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Infineon Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Infineon Technologies Stock Up 2.5%

The company has a market capitalization of $58.86 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 3.59 and a beta of 1.78. The firm’s 50-day simple moving average is $41.12 and its 200-day simple moving average is $40.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.70.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $3.92 billion. Infineon Technologies had a net margin of 7.57% and a return on equity of 10.87%. Sell-side analysts forecast that Infineon Technologies AG will post 1.61 earnings per share for the current 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.