Infineon Technologies (OTCMKTS:IFNNY) Rating Lowered to “Hold” at UBS Group

Infineon Technologies (OTCMKTS:IFNNY) was downgraded by equities research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

A number of other research analysts have also issued reports on IFNNY. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Down 7.4%

Shares of IFNNY stock opened at $45.55 on Friday. The stock’s 50 day simple moving average is $49.71 and its 200 day simple moving average is $43.42. Infineon Technologies has a twelve month low of $25.80 and a twelve month high of $56.19. 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 company has a market capitalization 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 announced its 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 return on equity of 11.12% and a net margin of 7.51%.The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.65 billion. As a group, research analysts predict that Infineon Technologies 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.