Infineon Technologies (OTCMKTS:IFNNY) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a buy rating in a research note published on Thursday.

Separately, Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Infineon Technologies Stock Performance

Infineon Technologies stock opened at $50.64 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98. Infineon Technologies has a 12 month low of $25.80 and a 12 month high of $52.75. The company has a fifty day moving average price of $46.64 and a two-hundred day moving average price of $42.16. The company has a market cap of $62.21 billion, a PE ratio of 54.45, a P/E/G ratio of 1.00 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.37%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Research analysts expect that Infineon Technologies will post 1.61 earnings per share for the current 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.