Infineon Technologies (OTCMKTS:IFNNY) Posts Earnings Results, Meets Estimates

Infineon Technologies (OTCMKTS:IFNNY) posted its earnings results on Tuesday. The technology company reported $0.69 earnings per share (EPS) for the quarter, hitting 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 Trading Down 2.4%

Infineon Technologies stock traded down $1.33 during mid-day trading on Tuesday, hitting $54.47. 216,505 shares of the stock were exchanged, compared to its average volume of 402,978. The stock has a market capitalization of $70.98 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 0.40 and a beta of 2.29. The company has a quick ratio of 0.97, a current ratio of 1.73 and a debt-to-equity ratio of 0.35. Infineon Technologies has a 12 month low of $36.10 and a 12 month high of $103.28. The firm’s fifty day simple moving average is $62.72 and its two-hundred day simple moving average is $65.39.

Analyst Ratings Changes

A number of research firms recently weighed in on IFNNY. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company 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.