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

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

Infineon Technologies Stock Performance

Shares of OTCMKTS IFNNY opened at $32.75 on Wednesday. The business’s 50-day simple moving average is $37.54 and its 200-day simple moving average is $36.73. Infineon Technologies has a 52 week low of $28.83 and a 52 week high of $42.45. The firm has a market cap of $42.77 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 11.67 and a beta of 1.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.80.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Infineon Technologies to a “strong-buy” rating in a research 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.