Infineon Technologies (OTCMKTS:IFNNY) Announces Quarterly Earnings Results

Infineon Technologies (OTCMKTS:IFNNY) posted its quarterly earnings data on Tuesday. The technology company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69, Zacks reports. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.33 billion. Infineon Technologies had a net margin of 9.24% and a return on equity of 12.82%.

Infineon Technologies Trading Up 4.4%

Shares of IFNNY opened at $57.71 on Thursday. The company has a market capitalization of $75.21 billion, a P/E ratio of 43.72, a P/E/G ratio of 0.39 and a beta of 2.29. Infineon Technologies has a one year low of $36.10 and a one year high of $103.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.73. The stock has a 50-day moving average price of $62.40 and a 200 day moving average price of $65.46.

Analysts Set New Price Targets

IFNNY has been the topic of a number of recent research reports. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a research report on Thursday, August 27th. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Infineon Technologies has a consensus rating of “Moderate Buy”.

Infineon Technologies Company Profile

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.