UBS Group Downgrades Infineon Technologies (OTCMKTS:IFNNY) to Hold

Key Points

• UBS downgraded Infineon from a "strong-buy" to a "hold" in a research note on Friday, joining Zacks which also cut its rating while Wall Street Zen recently upgraded the stock; MarketBeat shows a consensus rating of "Moderate Buy."
• Infineon beat quarterly estimates with $0.41 EPS (vs. $0.36 expected) and $4.33 billion in revenue, and the stock trades around $45.55 with a market cap of about $55.96 billion, a P/E of 48.98 and a PEG of 0.94.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) was downgraded by stock analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a research note issued on Friday,Zacks.com reports.

IFNNY has been the topic of several other reports. Zacks Research downgraded shares of Infineon Technologies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded Infineon Technologies from a "hold" rating to a "buy" rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Infineon Technologies Price Performance

IFNNY opened at $45.55 on Friday. The company has a 50-day moving average of $49.71 and a 200-day moving average of $43.42. Infineon Technologies has a 1-year low of $25.80 and a 1-year high of $56.19. The company has a market capitalization of $55.96 billion, a P/E ratio of 48.98, a PEG ratio of 0.94 and a beta of 1.77. 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 issued its earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.65 billion. Equities analysts expect that Infineon Technologies 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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