Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNYGet Rating) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 37,400 shares, a drop of 27.8% from the March 15th total of 51,800 shares. Based on an average daily volume of 455,300 shares, the short-interest ratio is presently 0.1 days.

A number of research firms recently commented on IFNNY. JPMorgan Chase & Co. decreased their price target on Infineon Technologies from €5.70 ($6.20) to €5.55 ($6.03) and set a “neutral” rating for the company in a research note on Friday, February 4th. Jefferies Financial Group initiated coverage on Infineon Technologies in a research note on Thursday, February 17th. They issued an “underperform” rating for the company. Credit Suisse Group lifted their target price on Infineon Technologies from €48.20 ($52.39) to €48.40 ($52.61) in a research note on Friday, February 4th. Barclays decreased their target price on Infineon Technologies from €45.00 ($48.91) to €30.00 ($32.61) in a research note on Tuesday, April 12th. Finally, Morgan Stanley initiated coverage on Infineon Technologies in a research note on Monday, December 20th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $33.99.

Shares of IFNNY traded down $0.63 during mid-day trading on Friday, reaching $28.84. 172,013 shares of the company’s stock traded hands, compared to its average volume of 219,667. The business’s 50-day moving average price is $33.25 and its 200-day moving average price is $40.67. The stock has a market capitalization of $37.66 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.96. Infineon Technologies has a 12 month low of $28.03 and a 12 month high of $49.99.

Infineon Technologies (OTCMKTS:IFNNYGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The technology company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The company had revenue of $3.61 billion for the quarter. Infineon Technologies had a return on equity of 15.42% and a net margin of 11.76%. Equities research analysts anticipate that Infineon Technologies will post 1.9 EPS for the current year.

The firm also recently declared a dividend, which was paid on Tuesday, March 1st. Stockholders of record on Monday, February 21st were issued a dividend of $0.2134 per share. The ex-dividend date of this dividend was Friday, February 18th. This represents a dividend yield of 0.56%. Infineon Technologies’s dividend payout ratio (DPR) is presently 17.07%.

Infineon Technologies Company Profile (Get Rating)

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and related system solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; silicon carbide diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.

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