Report
Brian Colello
EUR 100.00 For Business Accounts Only

Infineon Sees Near-Term Softness, but Secular Growth Drivers Remain Intact; Maintain EUR 22 FVE

Infineon reported solid fiscal second-quarter results and provided investors with a decent outlook for its fiscal third quarter and for all of fiscal 2019 (ending in September) consistent with the firm's revised forecast provided to investors in late March. Chip demand remain sluggish due to trade tensions, as evidenced by the firm's lowest book-to-bill ratio in six years. We still think Infineon is well positioned to capitalize on the secular trend of rising chip content per car, especially in ...
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

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