Infineon Technologies (OTCMKTS:IFNNY) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Infineon Technologies (OTCMKTS:IFNNY) announced its earnings results on Monday. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04, Yahoo Finance reports. Infineon Technologies had a net margin of 16.48% and a return on equity of 17.84%. The firm had revenue of $3.98 billion for the quarter.

Infineon Technologies Stock Down 0.7 %

Shares of IFNNY stock traded down $0.22 during mid-day trading on Wednesday, reaching $32.75. 1,084,125 shares of the company were exchanged, compared to its average volume of 262,378. The company has a market capitalization of $42.77 billion, a P/E ratio of 15.52, a P/E/G ratio of 11.67 and a beta of 1.91. The business’s 50 day simple moving average is $37.54 and its 200 day simple moving average is $36.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.80. Infineon Technologies has a fifty-two week low of $28.83 and a fifty-two week high of $42.45.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Infineon Technologies to a “strong-buy” rating in a report on Monday, June 24th.

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.