Infineon Technologies (OTCMKTS:IFNNY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) saw unusually-strong trading volume on Monday. 532,380 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 388,530 shares. The stock last traded at $71.21 and had previously closed at $73.07.

Analysts Set New Price Targets

Several brokerages have weighed in on IFNNY. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Infineon Technologies Stock Up 1.6%

The business has a fifty day moving average of $67.26 and a 200 day moving average of $71.02. The firm has a market cap of $94.69 billion, a P/E ratio of 64.30, a P/E/G ratio of 0.49 and a beta of 2.26. The company has a quick ratio of 0.97, a current ratio of 1.73 and a debt-to-equity ratio of 0.35.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. On average, equities research analysts predict that Infineon Technologies AG will post 2.02 EPS for the current year.

About Infineon Technologies

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.