Infineon Technologies (OTCMKTS:IFNNY) Sets New 52-Week High – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.00 and last traded at $79.90, with a volume of 578878 shares changing hands. The stock had previously closed at $75.16.

Analyst Ratings Changes

IFNNY has been the subject of a number of analyst reports. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upgraded Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, UBS Group downgraded 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 given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Up 5.4%

The company’s fifty day moving average price is $56.83 and its 200-day moving average price is $49.75. The stock has a market cap of $104.18 billion, a P/E ratio of 83.14, a price-to-earnings-growth ratio of 1.07 and a beta of 2.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72.

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