Infineon Technologies (OTCMKTS:IFNNY) Releases Quarterly Earnings Results

Infineon Technologies (OTCMKTS:IFNNY) posted its quarterly earnings results on Tuesday. The technology company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69, Zacks reports. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%.

Infineon Technologies Price Performance

OTCMKTS IFNNY traded down $1.33 during trading hours on Tuesday, reaching $54.47. The company’s stock had a trading volume of 200,661 shares, compared to its average volume of 402,815. The firm’s 50-day moving average price is $62.72 and its 200-day moving average price is $65.39. Infineon Technologies has a 1 year low of $36.10 and a 1 year high of $103.28. The company has a market capitalization of $70.98 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 0.40 and a beta of 2.29. The company has a quick ratio of 0.97, a current ratio of 1.73 and a debt-to-equity ratio of 0.35.

Analyst Upgrades and Downgrades

IFNNY has been the subject of a number of research reports. DZ Bank upgraded Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor company headquartered in Neubiberg. The company develops and manufactures chips and related solutions for automotive, industrial, consumer, communications and security applications. Infineon originated as the semiconductor business of Siemens and became an independent company in 1999.

Its products include automotive semiconductors, power semiconductors and sensors, microcontrollers, and security chips. These technologies support applications such as vehicle electrification and driver-assistance systems, energy conversion and management, industrial automation, connected devices and digital security.

Infineon serves customers worldwide, with operations and business activities spanning multiple regions.