Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 179,400 shares, a growth of 318.2% from the September 30th total of 42,900 shares. Based on an average daily volume of 442,200 shares, the days-to-cover ratio is currently 0.4 days.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Citigroup upgraded Infineon Technologies to a “strong-buy” rating in a research report on Thursday, October 10th. New Street Research raised Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th.
Read Our Latest Stock Analysis on Infineon Technologies
Infineon Technologies Price Performance
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $3.98 billion during the quarter. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. Analysts predict that Infineon Technologies will post 2.02 earnings per share for the current year.
Infineon Technologies Company Profile
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.
See Also
- Five stocks we like better than Infineon Technologies
- How to Use the MarketBeat Dividend Calculator
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Low PE Growth Stocks: Unlocking Investment Opportunities
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- The 3 Best Blue-Chip Stocks to Buy Now
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.