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

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped up prior to trading on Monday. The stock had previously closed at $54.17, but opened at $55.90. Infineon Technologies shares last traded at $55.72, with a volume of 10,814 shares.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. DZ Bank upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Infineon Technologies presently has an average rating of “Moderate Buy”.

Infineon Technologies Price Performance

The business has a 50 day moving average of $64.73 and a 200 day moving average of $72.53. The company has a market cap of $73.71 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 0.38 and a beta of 2.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.76 billion. As a group, research analysts predict that Infineon Technologies AG will post 2.00 EPS for the current year.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.