Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Time to Sell?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) gapped down before the market opened on Thursday . The stock had previously closed at $77.46, but opened at $73.73. Infineon Technologies shares last traded at $73.02, with a volume of 28,767 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on IFNNY. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. Zacks Research upgraded Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Infineon Technologies presently has a consensus rating of “Buy”.

Infineon Technologies Trading Down 4.6%

The company has a market capitalization of $96.27 billion, a P/E ratio of 72.42, a price-to-earnings-growth ratio of 0.95 and a beta of 2.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90. The firm has a fifty day moving average price of $86.50 and a 200-day moving average price of $63.12.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.46 billion. On average, equities research analysts anticipate that Infineon Technologies AG will post 2.01 earnings per share for the current 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.