Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Time to Sell?

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $87.95, but opened at $81.61. Infineon Technologies shares last traded at $81.96, with a volume of 223,503 shares changing hands.

Analysts Set New Price Targets

IFNNY has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Infineon Technologies Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $105.25 billion, a P/E ratio of 79.18, a P/E/G ratio of 1.01 and a beta of 2.22. The stock has a fifty day moving average of $83.89 and a 200-day moving average of $60.90.

Infineon Technologies (OTCMKTS:IFNNY) last released its 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 11.07%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.46 billion. On average, research analysts anticipate that Infineon Technologies AG will post 2 EPS for the current 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.