Infineon Technologies (OTCMKTS:IFNNY) Reaches New 12-Month High – Still a Buy?

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.34 and last traded at $48.97, with a volume of 336798 shares. The stock had previously closed at $48.97.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Infineon Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Infineon Technologies Stock Up 2.3%

The company has a quick ratio of 0.98, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The firm’s 50 day simple moving average is $42.07 and its 200 day simple moving average is $41.09. The company has a market cap of $63.38 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.78.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $3.92 billion. Infineon Technologies had a return on equity of 10.87% and a net margin of 7.57%. Sell-side analysts anticipate that Infineon Technologies AG will post 1.61 EPS 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.