Infineon Technologies (OTCMKTS:IFNNY) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a note issued to investors on Monday.

According to Zacks, “Infineon designs, develops, manufactures and markets semiconductors and complete systems solutions. The company continues to encounter difficulties with the cyclical nature of the semiconductor industry that witnesses price erosion and evolving standards. Requirement of large capital investments to maintain a competitive cost position and intensifying competition remain headwinds. Estimates have been stable lately ahead of the company’s Q3 earnings release. Moreover, the company has negative record of earnings surprises in recent quarters. Notably, Infineon stock has underperformed the industry in the past year.”

Separately, ValuEngine lowered Infineon Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th.

IFNNY opened at $25.79 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 1.83. Infineon Technologies has a 52 week low of $21.33 and a 52 week high of $31.15. The firm has a market cap of $29.31 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 3.77 and a beta of 1.03.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Thursday, May 3rd. The technology company reported $0.35 earnings per share for the quarter. Infineon Technologies had a return on equity of 19.59% and a net margin of 15.15%. The business had revenue of $2.26 billion for the quarter. equities analysts expect that Infineon Technologies will post 1.13 EPS for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.

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