Infineon Technologies AG : Guidance raised thanks to the strength of automobile and industrial demand, Outperform maintained, Target price raised to € 50 (vs € 46)
>The upward revision to guidance was likely and happened relatively quickly - Yesterday evening, Infineon raised its forecasts for Q2 2023 and FY 2023 (year to end-September) due to more solid demand than anticipated, in both the automobile (50% of revenue) and industrial (36% of revenue) segments. At the time of the Q1 2023 publication at the beginning of February (ENG / FR), we underlined that the group was well positioned to raised its forecasts later in the year....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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