Infineon Technologies AG (IFNNY) Announces Quarterly Earnings Results, Hits Estimates
Infineon Technologies AG (NASDAQ:IFNNY) posted its quarterly earnings results on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17, Stock Ratings Network.com reports.
Shares of Infineon Technologies AG (NASDAQ:IFNNY) opened at 10.99 on Friday. Infineon Technologies AG has a one year low of $8.82 and a one year high of $12.84. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $11.56. The company has a market cap of $12.326 billion and a price-to-earnings ratio of 21.45.
A number of analysts have recently weighed in on IFNNY shares. Analysts at Citigroup Inc. downgraded shares of Infineon Technologies AG from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. Analysts at Zacks reiterated a “neutral” rating on shares of Infineon Technologies AG in a research note on Thursday, May 8th. They now have a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.00.
Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications.
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