Infineon Technologies (OTCMKTS:IFNNY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) saw unusually-high trading volume on Wednesday . 652,780 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 392,514 shares.The stock last traded at $63.01 and had previously closed at $62.66.

Wall Street Analysts Forecast Growth

IFNNY has been the topic of several research analyst reports. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Up 0.8%

The company has a current ratio of 1.73, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35. The firm has a market cap of $82.33 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 0.69 and a beta of 2.23. The firm’s 50 day simple moving average is $70.02 and its two-hundred day simple moving average is $69.06.

Infineon Technologies (OTCMKTS:IFNNY) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.76 billion. On average, equities analysts forecast that Infineon Technologies AG will post 2.03 EPS for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor company that develops and manufactures solutions for automotive, industrial, communications, and consumer applications. The company’s products are designed to support electrification, energy efficiency, connectivity, and digital security across a range of end markets.

Infineon’s portfolio includes automotive microcontrollers, power semiconductors, sensors, radio-frequency components, connectivity products, and security solutions.