Infineon is one of Europe's leading diversified chipmakers.
Infineon reported decent fiscal third-quarter results and provided investors with a solid fourth-quarter outlook; both were in line with our expectations and continue to point to healthy chip demand across a variety of end markets. We will maintain our EUR 13 fair value estimate and no-moat rating. While we like Infineon’s exposure to the automotive end market in particular, we view the shares as fully valued today.Revenue in the June quarter was EUR 1.63 billion, up 3% year over year but only...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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