Infineon Technologies AG (OTCMKTS:IFNNY) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Key Points

• Infineon Technologies AG has garnered a consensus recommendation of "Strong Buy" from five brokerages, with one analyst issuing a hold rating and four suggesting a strong buy.
• The company's shares opened at $42.75, with a 52-week range between $25.80 and $45.13, indicating significant market activity.
• Infineon recently reported earnings of $0.42 per share, exceeding analyst estimates, and posted quarterly revenue of $4.28 billion compared to expectations of $3.71 billion.

Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) has received a consensus rating of "Strong Buy" from the five research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a strong buy recommendation to the company.

Several equities research analysts recently weighed in on IFNNY shares. DZ Bank upgraded shares of Infineon Technologies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Infineon Technologies to a "hold" rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Infineon Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th.

Infineon Technologies Stock Down 0.5%

Shares of OTCMKTS IFNNY opened at $42.75 on Friday. Infineon Technologies has a 52-week low of $25.80 and a 52-week high of $45.13. The firm has a fifty day moving average of $41.83 and a 200-day moving average of $37.81. The stock has a market capitalization of $55.83 billion, a PE ratio of 75.00, a P/E/G ratio of 2.41 and a beta of 1.84. The company has a quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. Infineon Technologies had a net margin of 4.77% and a return on equity of 11.67%. The firm had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $3.71 billion. On average, analysts anticipate that Infineon Technologies will post 1.61 EPS for the current year.

Infineon Technologies Company Profile

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.

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