Susquehanna Upgrades Infineon Technologies (OTCMKTS:IFNNY) to “Strong-Buy”

Infineon Technologies (OTCMKTS:IFNNY) was upgraded by equities research analysts at Susquehanna from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Citigroup upgraded Infineon Technologies to a “strong-buy” rating in a research report on Thursday, October 10th.

Infineon Technologies Trading Down 2.7 %

Infineon Technologies stock opened at $33.89 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.13. The firm’s 50 day moving average price is $33.62 and its 200-day moving average price is $33.66. Infineon Technologies has a 1 year low of $30.06 and a 1 year high of $41.84. The stock has a market cap of $44.26 billion, a P/E ratio of 32.28, a PEG ratio of 2.48 and a beta of 1.87.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.27%. The company had revenue of $4.31 billion for the quarter. On average, equities analysts predict that Infineon Technologies will post 1.5 earnings per share for the current fiscal 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.