Infineon Technologies (OTCMKTS:IFNNY) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Infineon Technologies (OTCMKTS:IFNNY) released its quarterly earnings results on Wednesday. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06), Zacks reports. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.46 billion. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.

Infineon Technologies Trading Up 2.0%

Shares of OTCMKTS:IFNNY traded up $1.39 during trading on Thursday, reaching $71.49. 149,493 shares of the stock were exchanged, compared to its average volume of 316,849. The firm has a market cap of $87.82 billion, a price-to-earnings ratio of 76.87, a price-to-earnings-growth ratio of 1.12 and a beta of 2.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. Infineon Technologies has a 12-month low of $34.51 and a 12-month high of $72.38. The firm’s 50-day moving average price is $51.54 and its 200 day moving average price is $46.99.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IFNNY shares. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. UBS Group cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average 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.