Infineon Technologies (IFNNY) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a strong sell rating to a hold rating in a report released on Tuesday.
According to Zacks, “Infineon designs, develops, manufactures and markets semiconductors and complete systems solutions. The company is riding on its innovative semiconductor technology and increased demand for energy-efficient products. It is gaining significantly from the increasing use of semiconductors in the electric automobiles market. Further, Infineon has been benefiting from its acquisition of International Rectifier. Moreover, the company’s focus on energy-efficient solutions is a key driver. Notably, shares of the company have outperformed the industry in the last one year. However, the company continues to encounter difficulties with the cyclical nature of the semiconductor industry that witnesses price erosion and evolving standards. Further, intensifying competition in the automotive and power market segments is a major concern.”
Shares of Infineon Technologies (IFNNY) opened at $30.74 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.73. Infineon Technologies has a 1-year low of $17.36 and a 1-year high of $31.12. The company has a market capitalization of $33,521.80, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 2.51 and a beta of 0.94.
The company also recently declared a None dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Monday, February 26th will be paid a $0.283 dividend. This represents a dividend yield of 0.00963568266939053%. The ex-dividend date of this dividend is Friday, February 23rd. Infineon Technologies’s dividend payout ratio is presently 28.95%.
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Infineon Technologies Company Profile
Infineon Technologies AG is a Germany-based designer, developer and manufacturer of semiconductors and related system solutions. The Company operates through four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.
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