Infineon Technologies (OTCMKTS:IFNNY) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Infineon Technologies (OTCMKTS:IFNNY) issued its earnings results on Wednesday. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01), Zacks reports. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%.

Infineon Technologies Trading Down 2.9%

Shares of Infineon Technologies stock traded down $2.12 on Wednesday, reaching $70.10. The company had a trading volume of 410,985 shares, compared to its average volume of 349,600. The firm has a market cap of $86.12 billion, a price-to-earnings ratio of 75.38, a P/E/G ratio of 1.12 and a beta of 2.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 0.94. The firm’s 50-day moving average price is $51.54 and its two-hundred day moving average price is $46.99. Infineon Technologies has a 1 year low of $33.98 and a 1 year high of $72.38.

Wall Street Analysts Forecast Growth

IFNNY has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. UBS Group downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.