Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $49.97, but opened at $53.94. Infineon Technologies shares last traded at $53.94, with a volume of 18,621 shares changing hands.

Analyst Upgrades and Downgrades

IFNNY has been the subject of a number of recent research reports. DZ Bank upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Down 0.9%

The firm has a market capitalization of $72.04 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 0.39 and a beta of 2.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.73. The business’s 50 day moving average is $62.52 and its 200-day moving average is $65.42.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Tuesday, November 10th. The technology company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. Equities analysts anticipate that Infineon Technologies AG will post 2.00 EPS for the current fiscal year.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor company headquartered in Neubiberg. The company develops and manufactures chips and related solutions for automotive, industrial, consumer, communications and security applications. Infineon originated as the semiconductor business of Siemens and became an independent company in 1999. Its products include automotive semiconductors, power semiconductors and sensors, microcontrollers, and security chips. These technologies support applications such as vehicle electrification and driver-assistance systems, energy conversion and management, industrial automation, connected devices and digital security.