Infineon Technologies AG : Excessive concern on the automobile margin, structural story more intact that ever and valuation still inexpensive
>Outperform recommendation reiterated following the Q3 2023 publication - Following yesterday's publication of Q3 2023 results that were broadly in line with forecasts (with the exception of EPS which came in above) but in the absence of any fresh upward revision to the guidance for 2023, the share price fell sharply (-10%). Although not part of the pre-publication consensus, this upward revision was anticipated by the market, at least for the margin, given the resul...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.
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.
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