Infineon Technologies (OTCMKTS:IFNNY) Upgraded to Strong-Buy by Citigroup

Citigroup upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) to a strong-buy rating in a report published on Thursday morning, Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. New Street Research upgraded Infineon Technologies to a strong-buy rating in a report on Monday, September 9th. Barclays upgraded Infineon Technologies to a strong-buy rating in a research report on Monday, June 24th.

Infineon Technologies Trading Up 0.3 %

OTCMKTS IFNNY opened at $33.33 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. Infineon Technologies has a 12 month low of $28.83 and a 12 month high of $42.45. The company’s 50-day moving average price is $33.89 and its 200-day moving average price is $35.97. The stock has a market cap of $43.53 billion, a PE ratio of 15.80, a PEG ratio of 10.47 and a beta of 1.90.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Infineon Technologies had a net margin of 14.08% and a return on equity of 15.49%. The business had revenue of $3.98 billion for the quarter. Equities research analysts forecast that Infineon Technologies will post 2.03 earnings per share for the current 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.