Infineon Technologies (OTCMKTS:IFNNY) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Infineon Technologies (OTCMKTS:IFNNY) announced its earnings results on Wednesday. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06), Zacks reports. Infineon Technologies had a net margin of 4.77% and a return on equity of 11.63%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $3.92 billion.

Infineon Technologies Trading Down 1.6%

Shares of OTCMKTS:IFNNY opened at $40.85 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 1.78. The stock has a market capitalization of $53.35 billion, a price-to-earnings ratio of 71.67, a PEG ratio of 3.07 and a beta of 1.87. Infineon Technologies has a 1-year low of $25.80 and a 1-year high of $45.13. The company has a 50 day moving average price of $39.00 and a 200 day moving average price of $39.97.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of Infineon Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. Finally, DZ Bank raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.