Infineon Technologies (OTCMKTS:IFNNY) Issues Earnings Results

Infineon Technologies (OTCMKTS:IFNNY) announced its quarterly earnings results 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. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.

Infineon Technologies Trading Down 2.9%

Shares of OTCMKTS IFNNY traded down $2.12 during mid-day trading on Wednesday, hitting $70.10. 410,985 shares of the company traded hands, compared to its average volume of 349,600. Infineon Technologies has a 1 year low of $33.98 and a 1 year high of $72.38. The stock has a market capitalization of $86.12 billion, a price-to-earnings ratio of 75.38, a PEG ratio of 1.12 and a beta of 2.11. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $51.54 and a two-hundred day moving average of $46.99.

Analyst Upgrades and Downgrades

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