Wall Street Zen Upgrades Infineon Technologies (OTCMKTS:IFNNY) to “Buy”

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Thursday.

Separately, Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Infineon Technologies Stock Up 1.5%

IFNNY stock opened at $51.51 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98. Infineon Technologies has a 1-year low of $25.80 and a 1-year high of $52.75. The firm has a fifty day moving average price of $46.79 and a two-hundred day moving average price of $42.23. The firm has a market cap of $63.28 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 0.97 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.37%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Research analysts predict that Infineon Technologies will post 1.61 EPS for the current 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.