Infineon Technologies (OTCMKTS:IFNNY) Releases Earnings Results, Misses Expectations By $0.03 EPS

Infineon Technologies (OTCMKTS:IFNNY) posted its quarterly earnings data on Tuesday. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03), Zacks reports. Infineon Technologies had a net margin of 4.77% and a return on equity of 11.63%.

Infineon Technologies Price Performance

Shares of IFNNY traded up $2.59 during mid-day trading on Wednesday, reaching $41.89. 269,166 shares of the stock traded hands, compared to its average volume of 337,361. The company has a market cap of $54.70 billion, a price-to-earnings ratio of 73.49, a price-to-earnings-growth ratio of 3.07 and a beta of 1.87. Infineon Technologies has a 1 year low of $25.80 and a 1 year high of $45.13. The firm has a fifty day moving average price of $38.74 and a 200 day moving average price of $39.80. The company has a current ratio of 1.78, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

IFNNY has been the topic of several research reports. Zacks Research lowered Infineon Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, July 20th. Finally, DZ Bank upgraded shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.