Infineon Technologies (OTCMKTS:IFNNY) Reaches New 52-Week High – Here’s Why

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) hit a new 52-week high on Thursday . The stock traded as high as $50.32 and last traded at $50.31, with a volume of 5064 shares. The stock had previously closed at $46.70.

Analyst Ratings Changes

Separately, Zacks Research raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Infineon Technologies Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98. The business’s 50 day moving average price is $43.50 and its 200 day moving average price is $41.44. The stock has a market capitalization of $65.10 billion, a P/E ratio of 54.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.78.

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