Infineon Technologies (OTCMKTS:IFNNY) Reaches New 1-Year High – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.56 and last traded at $69.34, with a volume of 579604 shares. The stock had previously closed at $66.74.

Analyst Ratings Changes

Several research firms have issued reports on IFNNY. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. UBS Group downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Infineon Technologies Price Performance

The stock’s 50-day moving average price is $50.84 and its 200 day moving average price is $46.52. The firm has a market capitalization of $88.75 billion, a price-to-earnings ratio of 77.68, a PEG ratio of 1.04 and a beta of 2.11. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.35.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. Equities research analysts expect that Infineon Technologies AG will post 1.87 earnings per share for the current fiscal 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.