Infineon Technologies (OTCMKTS:IFNNY) Stock Rating Upgraded by JPMorgan Chase & Co.

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on IFNNY. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Infineon Technologies Trading Down 1.3%

Shares of OTCMKTS IFNNY opened at $42.89 on Friday. The stock has a market capitalization of $52.69 billion, a P/E ratio of 46.12, a PEG ratio of 0.82 and a beta of 1.77. The stock’s 50 day moving average price is $49.64 and its two-hundred day moving average price is $43.69. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Infineon Technologies has a 52-week low of $25.80 and a 52-week high of $56.19.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The business had revenue of $4.33 billion during 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%. On average, analysts anticipate that Infineon Technologies will post 1.61 earnings per share for the current fiscal year.

About Infineon Technologies

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.