Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Here’s What Happened

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) gapped down prior to trading on Tuesday . The stock had previously closed at $87.95, but opened at $81.61. Infineon Technologies shares last traded at $81.96, with a volume of 223,503 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on IFNNY shares. Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Infineon Technologies Price Performance

The stock has a fifty day moving average of $83.89 and a 200-day moving average of $60.90. The firm has a market capitalization of $105.25 billion, a P/E ratio of 79.18, a PEG ratio of 1.01 and a beta of 2.22. The company has a quick ratio of 0.90, a current ratio of 1.59 and a debt-to-equity ratio of 0.37.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, May 6th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. Equities analysts predict that Infineon Technologies AG will post 2 EPS for the current fiscal 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.