Infineon Technologies (OTCMKTS:IFNNY) Announces Earnings Results, Misses Estimates By $0.01 EPS

Infineon Technologies (OTCMKTS:IFNNY) posted its quarterly earnings data on Wednesday. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Stock Down 2.9%

Shares of IFNNY traded down $2.12 during trading hours on Wednesday, hitting $70.10. The company had a trading volume of 410,985 shares, compared to its average volume of 349,600. The company has a market capitalization of $86.12 billion, a PE ratio of 75.38, a price-to-earnings-growth ratio of 1.12 and a beta of 2.11. The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Infineon Technologies has a one year low of $33.98 and a one year high of $72.38. The company’s fifty day moving average price is $51.54 and its two-hundred day moving average price is $46.99.

Analyst Ratings Changes

A number of research firms recently issued reports on IFNNY. Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. UBS Group cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. JPMorgan Chase & Co. upgraded Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Finally, Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average 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.