Infineon Technologies (OTCMKTS:IFNNY) Reaches New 1-Year High – Should You Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) hit a new 52-week high on Friday . The stock traded as high as $57.46 and last traded at $57.3940, with a volume of 15951 shares. The stock had previously closed at $54.24.

Wall Street Analyst Weigh In

IFNNY has been the topic of several recent analyst reports. UBS Group downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upgraded Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Infineon Technologies has an average rating of “Moderate Buy”.

Infineon Technologies Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 0.94. The firm has a fifty day moving average price of $49.09 and a two-hundred day moving average price of $45.03. The stock has a market capitalization of $70.49 billion, a PE ratio of 61.70, a P/E/G ratio of 1.03 and a beta of 1.83.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%. Research analysts expect 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.