New Street Research Upgrades Infineon Technologies (OTCMKTS:IFNNY) to Strong-Buy

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by analysts at New Street Research to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Separately, Barclays raised Infineon Technologies to a “strong-buy” rating in a report on Monday, June 24th.

Infineon Technologies Price Performance

Shares of OTCMKTS:IFNNY opened at $31.66 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.08. The stock has a market capitalization of $41.35 billion, a P/E ratio of 15.00, a P/E/G ratio of 11.09 and a beta of 1.90. The business has a 50-day moving average of $35.31 and a two-hundred day moving average of $36.39. Infineon Technologies has a fifty-two week low of $28.83 and a fifty-two week high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last announced its earnings results on Monday, August 5th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. The firm had revenue of $3.98 billion during the quarter. On average, equities research analysts predict that Infineon Technologies will post 2.01 EPS for the current fiscal year.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.