Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Still a Buy?

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $43.23, but opened at $44.88. Infineon Technologies shares last traded at $44.50, with a volume of 75,478 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Infineon Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Infineon Technologies Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.70. The company has a market capitalization of $57.99 billion, a P/E ratio of 48.80, a P/E/G ratio of 3.55 and a beta of 1.80. The firm’s fifty day moving average is $40.86 and its 200 day moving average is $40.70.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.43 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%. As a group, analysts predict that Infineon Technologies AG will post 1.61 earnings per share 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.