Infineon Technologies AG : The full-year guidance may be slightly cautious
>Neutral rating maintained - In light of the Q4 2020 figures and the guidance for 2021 in line with forecasts, we maintain our Neutral rating and have adjusted our target price to € 27 vs € 26. We have shaded up our forecasts by 2.6% for 2020 and 1.7% for 2021, which puts us slightly above the full-year guidance. The Q4 2020 results are good and confirm the recovery in the automotive market, with the ATV division posting sequential growth of 29% and on course to acco...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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