Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $67.57, but opened at $62.1550. Infineon Technologies shares last traded at $63.09, with a volume of 22,888 shares.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a research report on Thursday, August 27th. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on IFNNY
Infineon Technologies Stock Performance
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%.The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.76 billion. On average, research analysts expect that Infineon Technologies AG will post 2.03 EPS for the current fiscal year.
Infineon Technologies Company Profile
Infineon Technologies AG is a Germany-based semiconductor company that develops and manufactures solutions for automotive, industrial, communications, and consumer applications. The company’s products are designed to support electrification, energy efficiency, connectivity, and digital security across a range of end markets.
Infineon’s portfolio includes automotive microcontrollers, power semiconductors, sensors, radio-frequency components, connectivity products, and security solutions.
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