Infineon Technologies (IFNNY) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a sell rating in a report published on Thursday.

IFNNY has been the topic of a number of other research reports. Zacks Investment Research cut shares of Infineon Technologies from a hold rating to a sell rating in a research note on Friday, February 8th. Cowen initiated coverage on shares of Infineon Technologies in a research note on Friday, February 22nd. They set an outperform rating on the stock. Finally, BNP Paribas raised shares of Infineon Technologies from a neutral rating to an outperform rating in a research note on Thursday.

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OTCMKTS:IFNNY traded down $0.02 during midday trading on Thursday, hitting $21.27. The company’s stock had a trading volume of 42,158 shares, compared to its average volume of 144,997. Infineon Technologies has a fifty-two week low of $17.90 and a fifty-two week high of $29.82. The company has a current ratio of 2.55, a quick ratio of 1.81 and a debt-to-equity ratio of 0.22. The company has a market cap of $25.32 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.54 and a beta of 1.08.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $2.25 billion for the quarter. Infineon Technologies had a net margin of 14.55% and a return on equity of 18.42%. Equities research analysts predict that Infineon Technologies will post 1.15 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 25th were paid a $0.211 dividend. The ex-dividend date was Friday, February 22nd. This represents a yield of 1%. Infineon Technologies’s dividend payout ratio is currently 25.44%.

About Infineon Technologies

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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