Infineon Technologies (OTCMKTS:IFNNY) Sees Large Volume Increase – Here’s Why

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) saw unusually-high trading volume on Thursday . Approximately 1,342,711 shares traded hands during mid-day trading, an increase of 347% from the previous session’s volume of 300,131 shares.The stock last traded at $55.13 and had previously closed at $55.67.

Analysts Set New Price Targets

Several research firms have issued reports on IFNNY. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Zacks Research lowered 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 and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Infineon Technologies Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The company has a fifty day moving average price of $49.10 and a two-hundred day moving average price of $43.19. The company has a market cap of $66.36 billion, a P/E ratio of 58.09, a PEG ratio of 1.06 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.65 billion. On average, sell-side analysts anticipate that Infineon Technologies AG will post 1.61 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.