Infineon Technologies (OTCMKTS:IFNNY) Sees Large Volume Increase - Still a Buy?

Key Points

• Volume surged 251% to 1,067,610 shares mid-day and the stock traded at $67.04 (up from $64.90), roughly a 3.1% intraday rise.
• Analyst views are mixed—JPMorgan upgraded to "overweight" and Wall Street Zen to "buy" while Zacks and UBS cut ratings; the consensus from MarketBeat is a Moderate Buy (one Strong Buy, one Buy, two Holds).
• Infineon beat quarterly estimates with EPS $0.41 vs. $0.36 and revenue $4.33B vs. $3.65B, and carries a market cap of $82.16B with a P/E of 71.9; analysts forecast about 1.87 EPS for the year.

Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) saw an uptick in trading volume on Thursday . 1,067,610 shares traded hands during mid-day trading, an increase of 251% from the previous session's volume of 303,930 shares.The stock last traded at $67.04 and had previously closed at $64.90.

Analysts Set New Price Targets

Several brokerages recently commented on IFNNY. JPMorgan Chase & Co. raised shares of Infineon Technologies from a "neutral" rating to an "overweight" rating in a research report on Friday, March 20th. Zacks Research lowered shares of Infineon Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Wall Street Zen raised shares of Infineon Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, February 12th. Finally, UBS Group downgraded shares of Infineon Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Infineon Technologies has an average rating of "Moderate Buy".

Infineon Technologies Trading Up 3.1%

The company has a market cap of $82.16 billion, a price-to-earnings ratio of 71.91, a P/E/G ratio of 0.98 and a beta of 1.83. The company's fifty day moving average is $50.58 and its two-hundred day moving average is $46.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $3.65 billion. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. On average, research analysts anticipate that Infineon Technologies AG will post 1.87 EPS for the current year.

About Infineon Technologies

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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