Infineon Technologies (OTCMKTS:IFNNY) Lifted to “Strong-Buy” at Barclays

Barclays upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) to a strong-buy rating in a research note published on Monday, Zacks.com reports.

Infineon Technologies Price Performance

OTCMKTS IFNNY opened at $36.46 on Monday. The company’s fifty day simple moving average is $38.22 and its 200-day simple moving average is $37.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.80 and a quick ratio of 1.02. Infineon Technologies has a 52 week low of $28.83 and a 52 week high of $44.46.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $3.94 billion for the quarter. Infineon Technologies had a net margin of 16.48% and a return on equity of 17.84%. As a group, research analysts expect that Infineon Technologies will post 2 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.