Report
Brian Colello, CPA
EUR 101.80 For Business Accounts Only

Infineon is one of Europe's leading diversified chipmakers.

Infineon reported solid fiscal second-quarter results and provided investors with forecasts for both the third quarter and for all of fiscal 2017 that were in line with our expectations and point to healthy ongoing chip demand. Our long-term thesis for Infineon is intact, as the firm continues to profit from rising electronics content in automobiles. We will maintain our EUR 17 fair value estimate ($18 per U.S. ADR) and narrow moat rating for the company.
Revenue in the March quarter was EUR 1,7...
Underlying
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.

Provider
Morningstar
Morningstar

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.

Analysts
Brian Colello, CPA

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