Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) released its earnings results on Wednesday. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05, reports. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Infineon Technologies had a return on equity of 11.37% and a net margin of 7.51%.
Infineon Technologies Stock Up 3.5%
Shares of OTCMKTS:IFNNY traded up $1.70 during midday trading on Friday, hitting $50.16. The stock had a trading volume of 29,707 shares, compared to its average volume of 273,885. The company has a market cap of $61.62 billion, a P/E ratio of 53.94, a PEG ratio of 0.98 and a beta of 1.80. Infineon Technologies has a 12 month low of $25.80 and a 12 month high of $52.75. The business’s 50-day simple moving average is $45.81 and its 200-day simple moving average is $41.87. The company has a quick ratio of 0.98, a current ratio of 1.70 and a debt-to-equity ratio of 0.36.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Infineon Technologies Company Profile
Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.
Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.
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