Infineon Technologies (OTCMKTS:IFNNY) Sees Large Volume Increase – Time to Buy?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) saw unusually-strong trading volume on Friday . Approximately 351,725 shares were traded during trading, an increase of 79% from the previous session’s volume of 196,414 shares.The stock last traded at $48.47 and had previously closed at $47.98.

Analysts Set New Price Targets

Separately, Zacks Research raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Infineon Technologies Stock Performance

The stock has a fifty day simple moving average of $43.01 and a two-hundred day simple moving average of $41.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.70. The stock has a market cap of $63.64 billion, a price-to-earnings ratio of 53.55, a P/E/G ratio of 1.04 and a beta of 1.78.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, November 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $3.92 billion. Infineon Technologies had a net margin of 7.57% and a return on equity of 10.87%. Analysts expect that Infineon Technologies AG will post 1.61 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.