Infineon Technologies (OTCMKTS:IFNNY) Announces Earnings Results

Infineon Technologies (OTCMKTS:IFNNY) posted its quarterly earnings data on Wednesday. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01), Zacks reports. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.46 billion. Infineon Technologies had a net margin of 7.84% and a return on equity of 11.21%.

Infineon Technologies Price Performance

OTCMKTS:IFNNY traded up $3.64 on Friday, hitting $72.40. The company had a trading volume of 178,276 shares, compared to its average volume of 317,881. The stock has a market capitalization of $88.94 billion, a price-to-earnings ratio of 70.98, a PEG ratio of 1.08 and a beta of 2.11. The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $51.81 and a two-hundred day moving average of $47.20. Infineon Technologies has a 52 week low of $35.46 and a 52 week high of $73.06.

Analyst Ratings Changes

A number of analysts have issued reports on IFNNY shares. UBS Group downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Finally, Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Infineon Technologies

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.