Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) posted its earnings results on Wednesday. The technology company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.
Infineon Technologies Stock Performance
Infineon Technologies stock traded down $3.95 during trading hours on Wednesday, hitting $70.01. The company had a trading volume of 226,675 shares, compared to its average volume of 414,019. The firm has a 50-day moving average of $84.89 and a 200 day moving average of $65.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90. The firm has a market cap of $91.24 billion, a PE ratio of 68.64, a PEG ratio of 0.83 and a beta of 2.26. Infineon Technologies has a one year low of $35.89 and a one year high of $103.28.
Analyst Ratings Changes
Separately, Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Infineon Technologies currently has a consensus rating of “Moderate Buy”.
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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