Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) released its earnings results on Wednesday. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.
Infineon Technologies Stock Performance
Shares of IFNNY traded down $3.95 during midday trading on Wednesday, reaching $70.01. The stock had a trading volume of 226,675 shares, compared to its average volume of 414,019. The firm has a market cap of $91.24 billion, a PE ratio of 68.64, a P/E/G ratio of 0.83 and a beta of 2.26. The firm has a 50 day simple moving average of $84.89 and a 200-day simple moving average of $65.62. Infineon Technologies has a one year low of $35.89 and a one year high of $103.28. The company has a current ratio of 1.59, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Infineon Technologies presently has an average 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.
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