Infineon Technologies (OTCMKTS:IFNNY) Upgraded to "Strong-Buy" at DZ Bank

Key Points

• Infineon Technologies has been upgraded from a "hold" to a "strong-buy" rating by DZ Bank, indicating increased confidence in the company's stock performance.
• The company reported $4.28 billion in revenue for the last quarter, significantly surpassing analyst estimates of $3.71 billion.
• Currently, Infineon Technologies has an average rating of "Strong Buy" with five analysts recommending it as a buy or strong buy.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) was upgraded by research analysts at DZ Bank from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Infineon Technologies from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One equities research analyst has rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Infineon Technologies Stock Up 5.3%

Shares of IFNNY stock traded up $2.17 during trading on Wednesday, reaching $43.05. The company's stock had a trading volume of 274,057 shares, compared to its average volume of 386,847. The business has a fifty day moving average price of $41.67 and a 200-day moving average price of $37.69. The company has a quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The company has a market cap of $56.22 billion, a price-to-earnings ratio of 75.53, a price-to-earnings-growth ratio of 2.32 and a beta of 1.84. Infineon Technologies has a one year low of $25.80 and a one year high of $45.13.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last issued its 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. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $3.71 billion. Infineon Technologies had a net margin of 4.77% and a return on equity of 11.67%. Analysts anticipate that Infineon Technologies will post 1.61 earnings per share for the current 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.