Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Down 61.4% in July – MarketBeat

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Infineon Technologies AG (OTCMKTS:IFNNY – Get Rating) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 10,300 shares, a drop of 61.4% from the June 30th total of 26,700 shares. Based on an average daily volume of 615,200 shares, the short-interest ratio is currently 0.0 days.

Infineon Technologies Trading Up 3.6 %

IFNNY stock traded up $0.94 during mid-day trading on Friday, reaching $27.35. 212,728 shares of the stock traded hands, compared to its average volume of 298,728. The company has a current ratio of 2.14, a quick ratio of 1.47 and a debt-to-equity ratio of 0.50. Infineon Technologies has a 52-week low of $21.49 and a 52-week high of $49.99. The company has a market cap of $35.72 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.67 and a beta of 1.72. The stock’s fifty day moving average is $26.34 and its 200-day moving average is $31.34.
Infineon Technologies (OTCMKTS:IFNNY – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. Infineon Technologies had a net margin of 13.38% and a return on equity of 17.09%. As a group, sell-side analysts expect that Infineon Technologies will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IFNNY has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on shares of Infineon Technologies from €45.00 ($45.92) to €38.50 ($39.29) and set a “neutral” rating for the company in a research report on Tuesday, May 10th. Societe Generale reduced their price objective on shares of Infineon Technologies from €52.00 ($53.06) to €44.00 ($44.90) and set a “buy” rating for the company in a research report on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Infineon Technologies from €50.00 ($51.02) to €40.00 ($40.82) and set a “buy” rating for the company in a research report on Wednesday, May 11th. Barclays reduced their price objective on shares of Infineon Technologies from €45.00 ($45.92) to €30.00 ($30.61) in a research report on Tuesday, April 12th. Finally, Citigroup reduced their price objective on shares of Infineon Technologies from €44.00 ($44.90) to €38.00 ($38.78) and set a “buy” rating for the company in a research report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.82.

Infineon Technologies Company Profile

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Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and related system solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; silicon carbide diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.

Further Reading

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