Zacks Investment Research downgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.
According to Zacks, “Infineon Technologies designs, produces and sells semiconductors, the microchips which have enabled the information age, and have led to a vast increase in the speed, portability and capabilities of computers and a myriad other electronic devices. Infineon is active in providing application-oriented semiconductor solutions for use in sectors such as speech and data communications, peripherals, wireless communications, automotive and industrial electronics, security and chip cards as well as memory products. “
A number of other research analysts have also issued reports on IFNNY. Deutsche Bank reiterated a buy rating on shares of Infineon Technologies in a research note on Wednesday, May 6th. Morgan Stanley assumed coverage on shares of Infineon Technologies in a research note on Thursday, May 28th. They set an overweight rating on the stock. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a neutral rating to an overweight rating in a research note on Wednesday, June 24th. UBS Group reiterated a buy rating on shares of Infineon Technologies in a research note on Wednesday, May 6th. Finally, ValuEngine lowered shares of Infineon Technologies from a hold rating to a sell rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Infineon Technologies presently has a consensus rating of Hold and an average price target of $28.00.
Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Infineon Technologies had a return on equity of 9.68% and a net margin of 9.69%. The firm had revenue of $2.19 billion for the quarter. As a group, research analysts forecast that Infineon Technologies will post 0.52 EPS for the current fiscal year.
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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