Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Should You Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) shares gapped up prior to trading on Monday. The stock had previously closed at $54.17, but opened at $55.90. Infineon Technologies shares last traded at $55.72, with a volume of 10,814 shares.

Analysts Set New Price Targets

Several analysts have weighed in on IFNNY shares. Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a research report on Thursday, August 27th. One investment 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. According to MarketBeat.com, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Trading Up 4.4%

The firm has a market cap of $73.71 billion, a PE ratio of 50.05, a PEG ratio of 0.38 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. The stock’s fifty day simple moving average is $64.73 and its two-hundred day simple moving average is $72.53.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.76 billion. On average, sell-side analysts forecast that Infineon Technologies AG will post 2.00 EPS for the current fiscal year.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.