Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $85.02, but opened at $91.00. Infineon Technologies shares last traded at $90.77, with a volume of 88,405 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
View Our Latest Report on Infineon Technologies
Infineon Technologies Stock Up 0.4%
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. On average, sell-side analysts anticipate that Infineon Technologies AG will post 2.03 EPS for the current year.
About Infineon Technologies
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.
See Also
- Five stocks we like better than Infineon Technologies
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
