Infineon Technologies (OTCMKTS:IFNNY) Posts Earnings Results, Beats Expectations By $0.04 EPS

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

Infineon Technologies Trading Down 0.7 %

Shares of OTCMKTS IFNNY opened at $32.75 on Wednesday. The business has a 50 day simple moving average of $37.54 and a 200 day simple moving average of $36.73. Infineon Technologies has a 52 week low of $28.83 and a 52 week high of $42.45. The stock has a market cap of $42.77 billion, a price-to-earnings ratio of 15.52, a PEG 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 upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Monday, June 24th.

About Infineon Technologies

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.