Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Should You Buy?

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $85.02, but opened at $91.00. Infineon Technologies shares last traded at $90.77, with a volume of 88,405 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on IFNNY. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. UBS Group downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Infineon Technologies currently has a consensus rating of “Moderate Buy”.

Infineon Technologies Price Performance

The stock’s 50 day simple moving average is $67.27 and its 200-day simple moving average is $53.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90. The stock has a market capitalization of $118.92 billion, a price-to-earnings ratio of 89.46, a PEG ratio of 0.99 and a beta of 2.22.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. On average, analysts expect that Infineon Technologies AG will post 2.03 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.