Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Should You Sell?

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $87.95, but opened at $81.61. Infineon Technologies shares last traded at $81.96, with a volume of 223,503 shares trading hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Infineon Technologies has an average rating of “Buy”.

Infineon Technologies Stock Performance

The company has a 50-day simple moving average of $85.13 and a two-hundred day simple moving average of $61.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.59. The firm has a market capitalization of $106.25 billion, a P/E ratio of 79.93, a PEG ratio of 0.96 and a beta of 2.22.

Infineon Technologies (OTCMKTS:IFNNY) last announced its earnings results 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 during 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%. As a group, equities analysts forecast that Infineon Technologies AG will post 2 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.