Infineon Technologies (OTCMKTS:IFNNY) Raised to “Strong-Buy” at DZ Bank

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by stock analysts at DZ Bank to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Separately, Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Infineon Technologies has an average rating of “Moderate Buy”.

Infineon Technologies Price Performance

Shares of OTCMKTS:IFNNY opened at $65.59 on Thursday. The firm has a market cap of $85.48 billion, a price-to-earnings ratio of 58.04, a P/E/G ratio of 0.74 and a beta of 2.26. The firm has a fifty day moving average price of $75.99 and a 200 day moving average price of $67.90. Infineon Technologies has a fifty-two week low of $35.89 and a fifty-two week high of $103.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.59.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.76 billion. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.55%. As a group, sell-side analysts expect that Infineon Technologies will post 2.02 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.