Infineon Technologies (OTCMKTS:IFNNY) Hits New 12-Month High – Should You Buy?

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $64.4812 and last traded at $64.16, with a volume of 13800 shares traded. The stock had previously closed at $62.04.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, UBS Group downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Up 3.1%

The stock’s 50-day moving average price is $50.84 and its two-hundred day moving average price is $46.40. The stock has a market capitalization of $82.16 billion, a P/E ratio of 71.91, a P/E/G ratio of 1.00 and a beta of 1.83. The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.65 billion. As a group, research analysts expect that Infineon Technologies AG will post 1.87 earnings per share for the current fiscal year.

Infineon Technologies Company Profile

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.