Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down Following Analyst Downgrade

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price gapped down prior to trading on Friday after UBS Group downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $49.17, but opened at $45.54. Infineon Technologies shares last traded at $46.22, with a volume of 41,221 shares changing hands.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Infineon Technologies Trading Down 7.4%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The business has a fifty day simple moving average of $49.71 and a 200 day simple moving average of $43.42. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 0.87 and a beta of 1.77.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.65 billion. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%. As a group, equities analysts anticipate that Infineon Technologies AG will post 1.61 EPS 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.