Infineon Technologies (OTCMKTS:IFNNY) Sees Large Volume Increase – Still a Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) shares saw an uptick in trading volume on Thursday . 1,067,610 shares traded hands during mid-day trading, an increase of 251% from the previous session’s volume of 303,930 shares.The stock last traded at $67.04 and had previously closed at $64.90.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. UBS Group lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Performance

The stock has a market capitalization of $82.16 billion, a PE ratio of 71.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.83. The firm’s fifty day moving average is $50.58 and its 200-day moving average is $46.26. 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 issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.65 billion. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. As a group, research analysts anticipate that Infineon Technologies AG will post 1.87 earnings per share 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.