Infineon Technologies (OTCMKTS:IFNNY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Infineon designs, develops, manufactures and markets semiconductors and complete systems solutions. The company is riding on its innovative semiconductor technology and increased demand for energy-efficient products. It is gaining significantly from the increasing use of semiconductors in the electric automobiles market. Further, Infineon has been benefiting from its acquisition of International Rectifier. Moreover, the company’s focus on energy-efficient solutions is a key driver. Notably, shares of the company have outperformed the industry in the last one year. However, the company continues to encounter difficulties with the cyclical nature of the semiconductor industry that witnesses price erosion and evolving standards. Further, intensifying competition in the automotive and power market segments is a major concern.”

Shares of Infineon Technologies (IFNNY) traded down $0.14 during trading hours on Tuesday, hitting $29.24. The stock had a trading volume of 123,452 shares, compared to its average volume of 140,241. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.73. The firm has a market capitalization of $33,570.00, a price-to-earnings ratio of 33.99, a PEG ratio of 2.50 and a beta of 0.98. Infineon Technologies has a 12-month low of $17.36 and a 12-month high of $30.00.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.05). Infineon Technologies had a return on equity of 18.05% and a net margin of 11.15%. analysts forecast that Infineon Technologies will post 1.15 earnings per share for the current year.

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About Infineon Technologies

Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.

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