Infineon Technologies (OTCMKTS:IFNNY) Raised to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Infineon from a "neutral" rating to an "overweight" in a note to investors on Friday.
• Analyst sentiment is mixed—UBS and Zacks cut to "hold" while Wall Street Zen upgraded to "buy"—leaving a consensus of "Moderate Buy" (1 Strong Buy, 1 Buy, 2 Hold).
• Infineon recently beat quarterly estimates with $0.41 EPS vs. $0.36 expected and $4.33B revenue, yet the stock was trading down ~4% at $43.44 and carries a PE of about 46.7 with a 12‑month range of $25.80–$56.19.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Friday.

Several other equities research analysts have also recently commented on IFNNY. UBS Group cut Infineon Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 6th. Zacks Research lowered Infineon Technologies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen upgraded Infineon Technologies from a "hold" rating to a "buy" rating in a report on Thursday, February 12th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Infineon Technologies Trading Down 4.0%

IFNNY opened at $43.44 on Friday. Infineon Technologies has a twelve month low of $25.80 and a twelve month high of $56.19. The company has a fifty day moving average of $49.75 and a 200-day moving average of $43.65. The stock has a market cap of $53.37 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.35.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $3.65 billion. On average, sell-side analysts predict that Infineon Technologies will post 1.61 EPS for the current year.

Infineon Technologies Company Profile

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.

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