Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) shares saw unusually-high trading volume on Wednesday . 652,780 shares were traded during trading, an increase of 66% from the previous session’s volume of 392,514 shares.The stock last traded at $63.01 and had previously closed at $62.66.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on IFNNY. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a research note on Thursday, August 27th. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One investment 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 a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Infineon Technologies
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. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. As a group, analysts anticipate that Infineon Technologies AG will post 2.03 earnings per share for the current year.
About Infineon Technologies
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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