Infineon Technologies AG (OTCMKTS:IFNNY) Sees Large Decrease in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNYGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 25,400 shares, a drop of 40.8% from the April 15th total of 42,900 shares. Based on an average daily volume of 610,500 shares, the short-interest ratio is currently 0.0 days.

A number of equities analysts have weighed in on IFNNY shares. Citigroup decreased their target price on shares of Infineon Technologies from €44.00 ($46.32) to €38.00 ($40.00) and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Infineon Technologies from €45.00 ($47.37) to €38.50 ($40.53) and set a “neutral” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Infineon Technologies from €50.00 ($52.63) to €40.00 ($42.11) and set a “buy” rating for the company in a research report on Wednesday. Credit Suisse Group raised their price target on shares of Infineon Technologies from €48.20 ($50.74) to €48.40 ($50.95) in a research report on Friday, February 4th. Finally, Jefferies Financial Group began coverage on shares of Infineon Technologies in a research report on Thursday, February 17th. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Infineon Technologies presently has a consensus rating of “Hold” and an average price target of $40.61.

IFNNY stock traded up $1.17 on Friday, hitting $29.93. The company had a trading volume of 217,796 shares, compared to its average volume of 416,131. Infineon Technologies has a 12-month low of $26.95 and a 12-month high of $49.99. The company has a current ratio of 1.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $30.86 and its 200 day simple moving average is $38.82. The stock has a market cap of $39.09 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 0.70 and a beta of 1.69.

The firm also recently declared a dividend, which was paid on Tuesday, March 1st. Stockholders of record on Monday, February 21st were paid a dividend of $0.2134 per share. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 18th. Infineon Technologies’s dividend payout ratio is presently 14.58%.

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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