Infineon Technologies (IFNNY) Lifted to Hold at ValuEngine

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, Zacks Investment Research raised shares of Infineon Technologies from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, July 9th.

Infineon Technologies stock opened at $21.28 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.93 and a current ratio of 2.61. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. Infineon Technologies has a one year low of $17.90 and a one year high of $31.15.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.25 billion. Infineon Technologies had a return on equity of 18.21% and a net margin of 15.15%. On average, sell-side analysts predict that Infineon Technologies will post 1.11 EPS for the current fiscal year.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.

See Also: Return on Investment (ROI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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