Infineon Technologies (OTCMKTS:IFNNY) Reaches New 52-Week High – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $76.55 and last traded at $76.17, with a volume of 399150 shares traded. The stock had previously closed at $69.04.

Wall Street Analyst Weigh In

Several brokerages recently commented on IFNNY. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Finally, UBS Group lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One equities 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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Infineon Technologies Price Performance

The company has a market capitalization of $93.57 billion, a PE ratio of 74.68, a P/E/G ratio of 0.93 and a beta of 2.11. The company’s 50-day simple moving average is $53.29 and its 200-day simple moving average is $48.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72.

Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.21%. As a group, sell-side analysts anticipate that Infineon Technologies AG will post 2.01 earnings per share for the current year.

About Infineon Technologies

(Get Free Report)

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.

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