Infineon Technologies (OTCMKTS:IFNNY) Posts Quarterly Earnings Results, Hits Expectations

Infineon Technologies (OTCMKTS:IFNNY) posted its earnings results on Tuesday. The technology company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69, Zacks reports. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%.

Infineon Technologies Stock Performance

Shares of OTCMKTS IFNNY traded down $1.33 during mid-day trading on Tuesday, hitting $54.47. The company had a trading volume of 200,661 shares, compared to its average volume of 402,815. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97. The firm has a market cap of $70.98 billion, a P/E ratio of 48.20, a PEG ratio of 0.40 and a beta of 2.29. Infineon Technologies has a 12 month low of $36.10 and a 12 month high of $103.28. The business’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $65.39.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a research note on Thursday, August 27th. 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 given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor company headquartered in Neubiberg. The company develops and manufactures chips and related solutions for automotive, industrial, consumer, communications and security applications. Infineon originated as the semiconductor business of Siemens and became an independent company in 1999.

Its products include automotive semiconductors, power semiconductors and sensors, microcontrollers, and security chips. These technologies support applications such as vehicle electrification and driver-assistance systems, energy conversion and management, industrial automation, connected devices and digital security.

Infineon serves customers worldwide, with operations and business activities spanning multiple regions.