Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.
Infineon Technologies Stock Performance
OTCMKTS:IFNNY traded down $0.01 during trading hours on Tuesday, hitting $48.26. 10,571 shares of the company traded hands, compared to its average volume of 170,838. The firm has a 50-day moving average of $42.63 and a 200 day moving average of $41.25. The company has a current ratio of 1.70, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. Infineon Technologies has a twelve month low of $25.80 and a twelve month high of $49.65. The stock has a market capitalization of $63.02 billion, a price-to-earnings ratio of 53.03, a P/E/G ratio of 1.06 and a beta of 1.78.
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Infineon Technologies had a return on equity of 10.87% and a net margin of 7.57%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $3.92 billion. On average, analysts forecast 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.
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