Infineon Technologies (OTCMKTS:IFNNY) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Separately, Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Infineon Technologies Stock Performance

Shares of IFNNY opened at $51.51 on Wednesday. Infineon Technologies has a 12-month low of $25.80 and a 12-month high of $52.75. The stock has a market cap of $63.28 billion, a P/E ratio of 55.39, a PEG ratio of 0.97 and a beta of 1.80. The company has a current ratio of 1.70, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $46.79 and a two-hundred day moving average of $42.23.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate 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 net margin of 7.51% and a return on equity of 11.37%. As a group, research analysts predict that Infineon Technologies 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.