Infineon Technologies (OTCMKTS:IFNNY) Upgraded at Wall Street Zen

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Thursday.

Separately, Zacks Research upgraded shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Infineon Technologies presently has an average rating of “Strong Buy”.

Infineon Technologies Trading Down 2.3%

Shares of OTCMKTS:IFNNY traded down $1.20 during midday trading on Thursday, reaching $50.64. The company’s stock had a trading volume of 233,896 shares, compared to its average volume of 315,351. The business has a 50 day moving average price of $46.64 and a 200 day moving average price of $42.16. The company has a quick ratio of 0.98, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. Infineon Technologies has a 1 year low of $25.80 and a 1 year high of $52.75. The firm has a market cap of $62.21 billion, a price-to-earnings ratio of 54.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.37% and a net margin of 7.51%.The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Research analysts forecast that Infineon Technologies will post 1.61 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.