Infineon Technologies AG (OTCMKTS:IFNNY) Given Average Rating of “Hold” by Analysts

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company.

A number of research analysts have issued reports on the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Sanford C. Bernstein set a €20.00 ($23.26) price objective on Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday, June 19th. BNP Paribas restated a “neutral” rating on shares of Infineon Technologies in a research note on Tuesday, June 4th. Societe Generale cut Infineon Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research cut Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th.

OTCMKTS:IFNNY traded up $0.15 during trading on Friday, reaching $18.84. The company’s stock had a trading volume of 1,844,594 shares, compared to its average volume of 630,450. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 16.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.86 and a current ratio of 2.77. The company has a 50 day simple moving average of $17.37. Infineon Technologies has a 12 month low of $15.43 and a 12 month high of $27.20.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. The company operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Digital Security Solutions. The Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; and voltage regulators for use in assistance and safety systems, comfort electronics, and powertrain and security products.

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