Infineon Technologies (OTCMKTS:IFNNY) Upgraded at Zacks Research

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

IFNNY has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. UBS Group downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Infineon Technologies Stock Down 4.5%

IFNNY stock opened at $89.36 on Thursday. The stock has a market capitalization of $116.45 billion, a PE ratio of 87.61, a price-to-earnings-growth ratio of 1.09 and a beta of 2.22. The company has a fifty day moving average of $80.63 and a 200-day moving average of $59.16. 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 has a one year low of $35.89 and a one year high of $103.28.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. As a group, analysts expect that Infineon Technologies will post 2.02 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.