Infineon Technologies (OTCMKTS:IFNNY) Sets New 1-Year High - Here's What Happened

Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $45.01 and last traded at $44.94, with a volume of 8539 shares. The stock had previously closed at $44.15.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Infineon Technologies from a "hold" rating to a "buy" rating in a research note on Sunday.

Infineon Technologies Stock Down 5.8%

The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $41.19 and its 200-day simple moving average is $37.13. The stock has a market capitalization of $52.65 billion, a price-to-earnings ratio of 64.00, a price-to-earnings-growth ratio of 1.83 and a beta of 1.83.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.60 billion. Infineon Technologies had a net margin of 5.39% and a return on equity of 11.88%. Equities analysts expect that Infineon Technologies AG will post 1.61 earnings per share 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.