Infineon Technologies (OTCMKTS:IFNNY) Shares Up 7.9% – Time to Buy?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) were up 7.9% on Friday. The company traded as high as $73.00 and last traded at $72.77. Approximately 37,589 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 387,400 shares. The stock had previously closed at $67.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a research note on Thursday, August 27th. Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Trading Up 7.6%

The company has a market capitalization of $94.55 billion, a P/E ratio of 64.20, a PEG ratio of 0.75 and a beta of 2.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97. The business’s 50-day moving average price is $67.10 and its two-hundred day moving average price is $70.45.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. As a group, analysts forecast that Infineon Technologies AG will post 2.02 EPS for the current fiscal year.

Infineon Technologies Company Profile

Infineon Technologies AG is a semiconductor company headquartered in Neubiberg, Germany. The company develops and manufactures semiconductor solutions for the automotive, industrial, communications, consumer electronics and energy markets. Its portfolio includes power semiconductors, microcontrollers, sensors, connectivity components and security products.

Infineon’s automotive products support applications such as electric and hybrid vehicles, vehicle power management, advanced driver-assistance systems and automotive connectivity.