In a note to investors dated Nov. 15, Jefferies Financial Group said it raised its earnings forecast for Infineon Technologies AG (OTCMKTS: IFNNY) for fiscal 2023. A Jefferies Financial Group analyst named J. Menon forecast that the technology The company will earn $2.11 per share in 2018, an increase from the company’s earnings of $1.71 per share in 2017. The latest earnings forecast for Infineon Technologies is $2.08 per share for the company. ‘year. Additionally, Jefferies Financial Group expects Infineon Technologies to report earnings of $1.53 per share in fiscal 2024 and $2.14 per share in fiscal 2025. These numbers are taken from the company’s latest annual report. society.
OTCMKTS:IFNNY began trading at $33.12 per share on Thursday. The company’s market capitalization currently sits at $43.25 billion, with a PE ratio of 15.73, a price-to-earnings growth ratio of 0.67, and a beta value of 1.67. Infineon Technologies hit a year-to-date low of $21.43, while its year-to-date high was $49.60. There is a debt ratio of 0.41, the quick ratio is 1.23, the current ratio is 1.79 and the quick ratio is 1.23. The moving average for the company over the past 50 days is $25.08 and the moving average over the past 200 days is $26.15.
Recently, reports regarding the stock written by various other stock experts have been made public. Morgan Stanley began covering Infineon Technologies shares on Tuesday, November 8, in a research note they released. They assessed the stock as having “equal weight”, which means “equal value”. Credit Suisse Group raised its price target on Infineon Technologies shares from €42.50 ($43.81) to €47.40 ($48.87) and gave the company an “outperform” rating in a report released Wednesday. One financial analyst recommends investors sell the stock, two recommend holding it, and four recommend investors buy it. According to data provided by Bloomberg, the company’s current average rating is “Hold” and the price target has been set at $39.65.
Infineon Technologies AG is a multinational semiconductor company that designs, develops, manufactures and sells semiconductors and related system solutions. Its products can be found in a wide variety of electronic devices. Microcontrollers are available for assistance and safety systems, convenience electronics, infotainment, powertrain and safety products. These microcontrollers include 3D time-of-flight, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; automotive microcontrollers; industrial microcontrollers; integrated circuits (ICs) for power sensors and radars; transceivers; silicon carbide diodes; MOSFETs and modules; and voltage regulators. All