Infineon Technologies AG : Guidance for 2024 not as bad as feared, its achievement will require a marked rebound in H2, but the stock continues to present a strong discount…
>Outperform rating reiterated after Q4 2023, good resilience of fundamentals whilst the valuation factors in far worse - In the light of Q4 2023 results that beat forecasts, despite weak guidance for Q1 2024, the share price has rebounded strongly (+10%). The idea that comes from this publication is that the guidance for 2024 could have been far worse and Q1 2024 could mark the low point of the cycle for Infineon. The group reassured on the solidity of its trajectory...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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