Infineon Technologies (OTCMKTS:IFNNY) Hits New 52-Week High After Analyst Upgrade

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price reached a new 52-week high on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $49.6450 and last traded at $49.31, with a volume of 143231 shares trading hands. The stock had previously closed at $48.72.

Infineon Technologies Price Performance

The firm has a market capitalization of $62.66 billion, a PE ratio of 52.73, a P/E/G ratio of 1.03 and a beta of 1.78. The firm’s fifty day moving average price is $42.81 and its 200 day moving average price is $41.29. The company has a current ratio of 1.70, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Infineon Technologies had a return on equity of 10.87% and a net margin of 7.57%.The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $3.92 billion. As a group, equities analysts forecast that Infineon Technologies AG will post 1.61 earnings per share for the current year.

Infineon Technologies Company Profile

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.