Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.55% and a net margin of 8.37%.
Infineon Technologies Stock Performance
IFNNY stock traded up $2.79 during midday trading on Friday, hitting $71.86. 61,657 shares of the company traded hands, compared to its average volume of 412,637. Infineon Technologies has a twelve month low of $35.89 and a twelve month high of $103.28. The stock has a market capitalization of $93.65 billion, a price-to-earnings ratio of 63.59, a price-to-earnings-growth ratio of 0.79 and a beta of 2.26. 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 business has a 50 day simple moving average of $84.01 and a 200-day simple moving average of $65.92.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Infineon Technologies has a consensus rating of “Hold”.
About Infineon Technologies
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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