Infineon Technologies (OTCMKTS:IFNNY) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Infineon Technologies (OTCMKTS:IFNNY) announced its earnings results on Wednesday. The technology company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05, reports. Infineon Technologies had a return on equity of 10.87% and a net margin of 7.57%.The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.65 billion.

Infineon Technologies Price Performance

OTCMKTS IFNNY traded down $0.89 on Wednesday, reaching $47.64. The company’s stock had a trading volume of 29,676 shares, compared to its average volume of 277,297. Infineon Technologies has a twelve month low of $25.80 and a twelve month high of $52.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.70. The firm’s 50 day moving average is $45.50 and its two-hundred day moving average is $41.79. The stock has a market cap of $58.53 billion, a PE ratio of 52.35, a PEG ratio of 1.03 and a beta of 1.80.

Analyst Ratings Changes

Separately, Zacks Research raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong 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.