Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $87.59, but opened at $94.33. Infineon Technologies shares last traded at $94.20, with a volume of 92,668 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on IFNNY. JPMorgan Chase & Co. upgraded Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One 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. Based on data from MarketBeat, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Price Performance

The firm has a market cap of $122.89 billion, a PE ratio of 92.45, a price-to-earnings-growth ratio of 1.05 and a beta of 2.22. The stock has a 50 day simple moving average of $74.58 and a two-hundred day simple moving average of $56.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.59.

Infineon Technologies (OTCMKTS:IFNNY) last posted 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). The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.46 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%. Sell-side analysts expect that Infineon Technologies AG will post 2.03 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.