Report
Stephane Houri

Infineon Technologies AG : A solid Q4 publication, launching a very good start to 2022

>Outperform reiterated and target price raised to €50 (vs € 48) - Yesterday, Infineon reported Q4 2021 results that beat our forecasts (details on Q4 2021), principally on margins and also raised its 2022 margin target by one point (21% vs 20%), in addition to reiterating its “mid-teens” growth target (taking sales to € 12.7bn vs € 12.6bn for the consensus). We have raised our EPS forecasts by +11.2%/+4.5% for 2021/22. This publication, which represented another soli...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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