Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) posted its quarterly earnings results on Wednesday. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03, Zacks reports. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.
Infineon Technologies Stock Down 5.6%
Shares of IFNNY traded down $4.11 during trading hours on Wednesday, reaching $69.85. The company’s stock had a trading volume of 229,458 shares, compared to its average volume of 414,038. The firm has a market cap of $91.03 billion, a price-to-earnings ratio of 68.48, a P/E/G ratio of 0.83 and a beta of 2.26. Infineon Technologies has a 1-year low of $35.89 and a 1-year high of $103.28. The company has a quick ratio of 0.90, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $84.89 and a two-hundred day moving average of $65.62.
Analysts Set New Price Targets
Separately, Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock 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.
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