Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped up before the market opened on Thursday . The stock had previously closed at $87.59, but opened at $94.33. Infineon Technologies shares last traded at $94.20, with a volume of 92,668 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Infineon Technologies currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Performance

The business’s fifty day moving average is $76.49 and its two-hundred day moving average is $57.40. The stock has a market capitalization of $124.10 billion, a PE ratio of 93.36, a price-to-earnings-growth ratio of 1.11 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 quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Infineon Technologies had a net margin of 7.84% and a return on equity of 11.07%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.46 billion. As a group, research analysts anticipate that Infineon Technologies AG will post 2.03 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.