Infineon Technologies (OTCMKTS:IFNNY) Sets New 12-Month High – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNY) shares hit a new 52-week high on Tuesday . The company traded as high as $55.17 and last traded at $55.01, with a volume of 23356 shares trading hands. The stock had previously closed at $54.01.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IFNNY shares. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Infineon Technologies Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The company has a market cap of $67.52 billion, a price-to-earnings ratio of 59.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.80. The firm has a 50-day simple moving average of $48.03 and a 200 day simple moving average of $42.82.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion. On average, sell-side analysts predict that Infineon Technologies AG will post 1.61 earnings per share for the current fiscal year.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.