Infineon Technologies (OTCMKTS:IFNNY) Stock Rating Upgraded by DZ Bank

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by research analysts at DZ Bank to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Infineon Technologies Trading Down 1.9%

OTCMKTS IFNNY opened at $65.59 on Thursday. The company has a market cap of $85.48 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 0.74 and a beta of 2.26. The company has a quick ratio of 0.90, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $75.99 and its 200 day moving average is $67.90. Infineon Technologies has a twelve month low of $35.89 and a twelve month high of $103.28.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Infineon Technologies had a return on equity of 11.55% and a net margin of 8.37%.The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.76 billion. As a group, sell-side analysts expect that Infineon Technologies will post 2.02 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.