Citigroup upgraded shares of Infineon Technologies (OTCMKTS:IFNNY – Free Report) 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.
View Our Latest Stock Report on IFNNY
Infineon Technologies Trading Up 0.3 %
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) 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.
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