Infineon Technologies (OTCMKTS:IFNNY) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Infineon Technologies (OTCMKTS:IFNNY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Infineon Technologies Stock Down 2.3%

Shares of OTCMKTS IFNNY opened at $50.64 on Wednesday. Infineon Technologies has a 52-week low of $25.80 and a 52-week high of $52.75. The firm has a market capitalization of $62.21 billion, a price-to-earnings ratio of 54.45, a PEG ratio of 1.00 and a beta of 1.80. The stock has a 50 day moving average price of $46.64 and a 200 day moving average price of $42.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.70.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.37% and a net margin of 7.51%.The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. Sell-side analysts expect that Infineon Technologies will post 1.61 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.