Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $77.46, but opened at $73.73. Infineon Technologies shares last traded at $73.02, with a volume of 28,767 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on IFNNY. Zacks Research raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upgraded Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Read Our Latest Analysis on IFNNY

Infineon Technologies Stock Performance

The company has a market capitalization of $96.27 billion, a price-to-earnings ratio of 72.42, a P/E/G ratio of 0.95 and a beta of 2.22. The company has a 50 day moving average price of $86.50 and a 200 day moving average price of $63.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.59.

Infineon Technologies (OTCMKTS:IFNNYGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) 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 the consensus estimate of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. Equities research analysts predict that Infineon Technologies AG will post 2.01 earnings per share for the current fiscal year.

Infineon Technologies Company Profile

(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.

Further Reading

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