Infineon Technologies (OTCMKTS:IFNNY) Rating Increased to Strong-Buy at Zacks Research

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Infineon Technologies Stock Performance

OTCMKTS:IFNNY opened at $48.26 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.70. The stock has a 50-day simple moving average of $42.63 and a two-hundred day simple moving average of $41.25. The firm has a market capitalization of $63.02 billion, a PE ratio of 53.03, a P/E/G ratio of 1.06 and a beta of 1.78. Infineon Technologies has a 52-week low of $25.80 and a 52-week high of $49.65.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Infineon Technologies had a net margin of 7.57% and a return on equity of 10.87%. Analysts forecast that Infineon Technologies will post 1.61 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.