Infineon Technologies AG

Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.
  • TickerIFX
  • ISINDE0006231004
  • SectorTechnology Hardware & Equipment
  • CountryGermany
Frederic Yoboue

Semiconductors & Hardware: Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy

Semiconductors & Hardware Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy ASMI is a “Conviction Buy” Better recovery than expected for chip sales Strong demand for xEV in Q3; Infineon upgraded to Buy SMIC, next casualty after Huawei?

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2020

...

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 10/09/2020

...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

Int'l Equity Strategy Global equities were on a tear in early January, continuing the trend that began in 4Q2019. As global equities started to get extended, the coronavirus outbreak hit in mid-January, leading to some market setbacks and deterioration in market indicators as global growth expectations were dialed-in. Despite this deterioration, what was important to us was that there were not any breakdowns. Even the areas of the market most-directly affected by the outbreak -- China (MSCI China) and EM (MSCI EM) -- were not breaking down. To us, this was a reassuring sign of underlying stre...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Ex-U.S. Equity Strategy

In our January 31 International Compass we presented a case for an incrementally improving overall global outlook, with the caveat that market bottoms tend to be a process that develops over many weeks. Since the end of January, not a lot has changed to alter our views. We remain constructive overall and continue to believe that global equities (MSCI ACWI) are going through a bottoming process. Opportunities exist but Sector leadership is mixed. In our February International Strategy, we explore various themes which lead to our overall constructive outlook, along with areas of the market wher...

Jérôme VINERIER

Analyse court terme - INFINEON TECHNOLOGIES AG : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 19,500 € prochainement. Le prochain objectif est à 15,900 €, puis 14,800 €. Le franchissement de 20,832 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - INFINEON TECHNOLOGIES AG : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €19.500. The next target is at €15.900, then €14.800. Passing €20.832 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - INFINEON TECHNOLOGIES AG : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 15,900 €. La tendance de fond serait remise en cause en cas de franchissement de 20,832 €.

Frederic Yoboue

Semiconductors & Hardware: Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy

Semiconductors & Hardware Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy ASMI is a “Conviction Buy” Better recovery than expected for chip sales Strong demand for xEV in Q3; Infineon upgraded to Buy SMIC, next casualty after Huawei?

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 10/09/2020

...

Emmanuel Matot ...
  • Maissa Keskes
  • Stephane Houri

ODDO : Automotive semiconductors: the climate is improving, and it is time to take a positive stance again on the stocks exposed

>Judging by STM, the automotive semis segment is improving faster than expected and the 2021 outlook is good - Yesterday, in a conference held by a rival broker, Jean Marc Chery (STM CEO) said that Q3 2020 revenues would be above the middle of the guidance range. One of the main reasons for this good news is a sharper-than-expected recovery in the automotive semiconductor segment. The group estimates that vehicle production volumes will exceed 70 million in 2020 (vs a...

Emmanuel Matot ...
  • Maissa Keskes
  • Stephane Houri

ODDO : Semi-conducteurs auto : le contexte s’améliore, il est temps de redevenir plus positif sur les valeurs exposées

>Si l’on en croit STM, le semi pour automobile s’améliore plus vite que prévu et les perspectives 2021 sont bonnes - Hier, lors de la conférence d’un broker concurrent, Jean Marc Chery (CEO de STM) a indiqué que le CA du T3 2020 serait supérieur au milieu de la fourchette de la guidance. Une des principales raisons expliquant cette bonne nouvelle est une reprise plus forte que prévue du segment semiconducteur automobile. Le groupe estime que les volumes de production ...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2020

...

Emmanuel Matot ...
  • Tony Lebon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/04/2020

Discussions are underway to devise a methodology that factors in CO2 emissions avoided thanks to insulation products in a possible scope 4. Saint-Gobain harbours greater avoided emissions potential than its rivals, which we value at € 8 per share. In the shorter term, the group is likely to announce an exceptional dividend (Q3), appoint Benoit Bazin as CEO (H1 2021) and revive its underperforming asset divestment programme (2021). (See report published yesterday) - ...

Emmanuel Matot ...
  • Tony Lebon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/09/2020

Des discussions seraient en cours pour définir une méthodologie intégrant les émissions de CO2 évitées par les produits isolants dans un possible scope 4. Saint-Gobain dispose d’un potentiel supérieur à celui de ses concurrents. Nous l’évaluons à 8 € par action. A plus court terme, le groupe devrait annoncer un dividende exceptionnel (T3), nommer Benoit Bazin au poste de CEO (S1 2021) et relancer son programme de cessions d’actifs sous-performants (2021). (Cf étude publiée hier) - ...

INFINEON TECHNOLOGIES reduced its risk exposure resulting in an upgrade to Slightly Positive

INFINEON TECHNOLOGIES (DE), a company active in the Semiconductors industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date August 28, 2020, the closing price was EUR 23.35 and its potential was estimated at EUR 27.31.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Infineon Technologies - AGM 20 February 2020

Item 4: We recommend to oppose the discharge of the Supervisory Board due to the insufficient attendance of two Supervisory Board members in financial year 2018/2019. Item 5: KPMG, Munich, is proposed as auditor for the current financial year. While we have no concerns over the ratio of non-audit/audit fees, we note that KPMG has audited the Company since the financial year 1999 which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of KPMG as auditor.

Infineon Technologies – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Infineon - February 21, 2019

Item 4: We recommend to oppose the discharge of the Supervisory Board due to the insufficient attendance of three Supervisory Board members in financial year 2017/2018 as well as due to our concerns that contrary to local and international best practice, the Chairman of the Supervisory Board also acts as the Chairman of the Audit Committee. Item 5: KPMG, Munich, is proposed as auditor for the current financial year. While we have no concerns over the ratio of non-audit/audit fees, we note that KPMG has audited the Company since the financial year 1999 which exceeds our maximum acceptable term...

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