Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Should You Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped up before the market opened on Monday. The stock had previously closed at $54.17, but opened at $55.90. Infineon Technologies shares last traded at $55.72, with a volume of 10,814 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. DZ Bank upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Infineon Technologies presently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Performance

The company’s 50 day simple moving average is $64.29 and its two-hundred day simple moving average is $65.03.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.76 billion. As a group, equities analysts forecast that Infineon Technologies AG will post 2.00 EPS for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.