Infineon Technologies (OTCMKTS:IFNNY) Posts Earnings Results, Beats Estimates By $0.03 EPS

Infineon Technologies (OTCMKTS:IFNNYGet Free Report) issued its earnings results on Wednesday. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03, Zacks reports. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.77 billion. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.

Infineon Technologies Stock Performance

Shares of IFNNY stock opened at $69.78 on Thursday. The stock’s 50-day moving average is $84.50 and its two-hundred day moving average is $65.77. The firm has a market cap of $90.94 billion, a price-to-earnings ratio of 68.41, a PEG ratio of 0.83 and a beta of 2.26. Infineon Technologies has a 1 year low of $35.89 and a 1 year high of $103.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.59.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Check Out Our Latest Analysis on Infineon Technologies

Infineon Technologies Company Profile

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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.

See Also

Earnings History for Infineon Technologies (OTCMKTS:IFNNY)

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