Infineon Technologies (OTCMKTS:IFNNY) Raised to Strong-Buy at New Street Research

New Street Research upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) to a strong-buy rating in a research report released on Monday morning, Zacks.com reports.

Separately, Barclays upgraded shares of Infineon Technologies to a strong-buy rating in a report on Monday, June 24th.

Infineon Technologies Stock Performance

OTCMKTS:IFNNY opened at $32.48 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $42.42 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 11.09 and a beta of 1.90. The firm’s fifty day simple moving average is $35.10 and its 200 day simple moving average is $36.33. Infineon Technologies has a twelve month low of $28.83 and a twelve month high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Monday, August 5th. The technology company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The business had revenue of $3.98 billion for the quarter. Infineon Technologies had a net margin of 14.08% and a return on equity of 15.49%. As a group, equities research analysts expect that Infineon Technologies will post 2.01 earnings per share for the current fiscal year.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.