Infineon Technologies (OTCMKTS:IFNNY) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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

Infineon Technologies Stock Performance

IFNNY traded up $2.61 on Wednesday, hitting $41.91. 238,978 shares of the company traded hands, compared to its average volume of 337,283. Infineon Technologies has a 12-month low of $25.80 and a 12-month high of $45.13. The company has a 50 day moving average of $38.74 and a 200-day moving average of $39.80. The company has a quick ratio of 0.99, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $54.73 billion, a PE ratio of 73.53, a PEG ratio of 3.07 and a beta of 1.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Infineon Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. Finally, DZ Bank upgraded Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Infineon Technologies presently has a consensus rating of “Buy”.

Infineon Technologies Company Profile

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.