Infineon Technologies (OTCMKTS:IFNNY) Reaches New 12-Month High – Time to Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $89.42 and last traded at $89.36, with a volume of 36538 shares changing hands. The stock had previously closed at $84.80.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IFNNY. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. UBS Group lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. Finally, Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Infineon Technologies has a consensus rating of “Moderate Buy”.

Infineon Technologies Price Performance

The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market cap of $109.82 billion, a PE ratio of 87.64, a P/E/G ratio of 1.20 and a beta of 2.11. The firm has a 50 day moving average of $60.10 and a two-hundred day moving average of $51.09.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Infineon Technologies had a return on equity of 11.21% and a net margin of 7.84%. Research analysts predict that Infineon Technologies AG will post 2.03 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.