Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down - Time to Sell?

Key Points

• Gapped down: Infineon opened sharply lower Friday at $45.54 after closing at $49.17, last trading around $46.22 on a volume of ~41,221 shares.
• Analyst views are mixed—Zacks cut the stock to a "hold" while Wall Street Zen upgraded to "buy," but MarketBeat data shows a consensus rating of "Buy."
• Infineon beat quarterly estimates (EPS $0.41 vs. $0.36; revenue $4.33B vs. $3.65B) yet trades at a high P/E of 49.3 and sits below its 50‑day moving average ($49.67) but above its 200‑day ($43.40).

Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $49.17, but opened at $45.54. Infineon Technologies shares last traded at $46.22, with a volume of 41,221 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research cut Infineon Technologies from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 11th. Wall Street Zen raised Infineon Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Infineon Technologies Stock Performance

The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $56.36 billion, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 0.97 and a beta of 1.77. The firm's fifty day moving average price is $49.67 and its 200 day moving average price is $43.40.

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 for the quarter, beating the consensus estimate of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.65 billion. Analysts forecast that Infineon Technologies AG will post 1.61 EPS for the current fiscal 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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