Infineon Technologies (OTCMKTS:IFNNY) Upgraded at Susquehanna

Susquehanna upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Citigroup raised Infineon Technologies to a “strong-buy” rating in a research report on Thursday, October 10th.

Infineon Technologies Stock Performance

Shares of IFNNY stock opened at $32.72 on Tuesday. The firm has a market cap of $42.73 billion, a P/E ratio of 31.16, a PEG ratio of 2.48 and a beta of 1.87. The stock’s 50-day moving average is $33.68 and its two-hundred day moving average is $33.66. Infineon Technologies has a fifty-two week low of $30.06 and a fifty-two week high of $41.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.13.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $4.31 billion during the quarter. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.27%. Analysts predict that Infineon Technologies will post 1.5 earnings per share for the current fiscal year.

Infineon Technologies Increases Dividend

The company also recently announced 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 an increase 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.