Infineon Technologies (IFNNY) Upgraded to Hold by Zacks Investment Research
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.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/16/infineon-technologies-ifnny-upgraded-to-hold-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.