Infineon Technologies AG (OTCMKTS:IFNNY) Receives Consensus Rating of “Hold” from Analysts

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages have recently commented on IFNNY. Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Sanford C. Bernstein set a €20.00 ($23.26) price objective on Infineon Technologies and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Societe Generale lowered Infineon Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Finally, BNP Paribas reaffirmed a “neutral” rating on shares of Infineon Technologies in a research note on Tuesday, June 4th.

Shares of IFNNY traded up $0.15 during midday trading on Friday, reaching $18.84. 1,844,594 shares of the stock were exchanged, compared to its average volume of 630,450. Infineon Technologies has a twelve month low of $15.43 and a twelve month high of $27.20. The company has a current ratio of 2.77, a quick ratio of 1.86 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $21.42 billion, a P/E ratio of 16.53 and a beta of 1.20. The firm has a 50 day moving average of $17.37.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. The company operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Digital Security Solutions. The Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; and voltage regulators for use in assistance and safety systems, comfort electronics, and powertrain and security products.

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