Infineon Technologies (IFNNY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a sell rating to a hold rating in a research note published on Friday morning.

According to Zacks, “Infineon designs, develops, manufactures and markets semiconductors and complete systems solutions. Increased demand for energy-efficient products is a positive for the company. It is gaining significantly from the increasing use of semiconductors in the electric automobiles market. Notably, shares of the company have outperformed the industry in the last one year. However, the company continues to encounter difficulties with the cyclical nature of the semiconductor industry that witnesses price erosion and evolving standards. The company’s requirement of large capital investments to maintain a competitive cost position remains a headwind. Further, intensifying competition in the automotive and power market segments is a major concern.”

How to Become a New Pot Stock Millionaire

Other equities analysts have also recently issued reports about the company. Goldman Sachs upgraded Infineon Technologies from a neutral rating to a buy rating in a report on Thursday, January 18th. ValuEngine cut Infineon Technologies from a buy rating to a hold rating in a report on Wednesday, March 7th.

Shares of IFNNY traded down $0.16 during midday trading on Friday, reaching $25.85. The stock had a trading volume of 79,930 shares, compared to its average volume of 165,169. Infineon Technologies has a 12-month low of $19.45 and a 12-month high of $31.15. The company has a current ratio of 2.32, a quick ratio of 1.73 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $29,553.83, a P/E ratio of 27.50, a PEG ratio of 5.44 and a beta of 1.01.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Infineon Technologies had a return on equity of 18.75% and a net margin of 11.55%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.08 billion. equities research analysts predict that Infineon Technologies will post 1.09 EPS for the current year.

WARNING: This report was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/07/infineon-technologies-ifnny-rating-increased-to-hold-at-zacks-investment-research.html.

About Infineon Technologies

Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.

Get a free copy of the Zacks research report on Infineon Technologies (IFNNY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply