Infineon Technologies (OTCMKTS:IFNNY) Stock Price Down 0.2% - Here's What Happened

Key Points

• Infineon Technologies' stock experienced a slight decline of 0.2%, trading at $42.76 after reaching a low of $42.47 during the day.
• Analysts have recently upgraded Infineon Technologies, with DZ Bank rating it as a strong buy and multiple firms reaffirming positive outlooks, leading to an average rating of "Strong Buy".
• The company reported earnings of $0.42 per share for the last quarter, exceeding expectations, with a revenue of $4.28 billion, significantly above analysts' forecast of $3.71 billion.

Shares of Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) traded down 0.2% during mid-day trading on Monday . The stock traded as low as $42.47 and last traded at $42.76. 87,466 shares traded hands during trading, a decline of 54% from the average session volume of 190,900 shares. The stock had previously closed at $42.85.

Analysts Set New Price Targets

Several analysts recently issued reports on IFNNY shares. DZ Bank upgraded shares of Infineon Technologies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Wall Street Zen raised Infineon Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Zacks Research upgraded Infineon Technologies to a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Infineon Technologies has an average rating of "Strong Buy".

Infineon Technologies Stock Down 0.2%

The business has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $38.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.09 and a current ratio of 1.99. The company has a market cap of $55.84 billion, a price-to-earnings ratio of 75.02, a price-to-earnings-growth ratio of 2.40 and a beta of 1.84.

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, beating the consensus estimate of $0.36 by $0.06. Infineon Technologies had a net margin of 4.77% and a return on equity of 11.67%. The firm had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $3.71 billion. On average, equities analysts anticipate 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.

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