Infineon Technologies (OTCMKTS:IFNNY) Stock Rating Upgraded by Susquehanna

Susquehanna upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a strong-buy rating in a report released on Tuesday morning,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 3.5 %

IFNNY stock opened at $32.72 on Tuesday. Infineon Technologies has a 52 week low of $30.06 and a 52 week high of $41.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.90. The company’s 50-day simple moving average is $33.68 and its 200 day simple moving average is $33.66. The company has a market capitalization of $42.73 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 2.48 and a beta of 1.87.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Infineon Technologies had a return on equity of 14.27% and a net margin of 8.64%. The business had revenue of $4.31 billion during the quarter. As a group, sell-side analysts anticipate that Infineon Technologies will post 1.5 earnings per share for the current year.

Infineon Technologies Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a $0.3715 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Infineon Technologies’s previous dividend of $0.25. Infineon Technologies’s dividend payout ratio (DPR) is 22.86%.

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.