Infineon Technologies (OTCMKTS:IFNNY) Hits New 52-Week High – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNYGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.42 and last traded at $89.36, with a volume of 36538 shares. The stock had previously closed at $84.80.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IFNNY. UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on IFNNY

Infineon Technologies Stock Up 5.9%

The firm has a market capitalization of $110.31 billion, a P/E ratio of 88.03, a PEG ratio of 1.13 and a beta of 2.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The business’s fifty day moving average price is $58.34 and its two-hundred day moving average price is $50.39.

Infineon Technologies (OTCMKTS:IFNNYGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Infineon Technologies had a net margin of 7.84% and a return on equity of 11.21%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.46 billion. Equities analysts expect that Infineon Technologies AG will post 2.03 earnings per share for the current fiscal 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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