Infineon Technologies AG : The lag on the stock vs the sector becomes difficult to justify
>Stock lagging behind despite a performance that was just as solid - Outperform recommendation, target price of € 35 (vs € 30), 2022-23e EPS raised by 9% - Following a very good publication (link to our First Take), we reiterate our Outperform recommendation and have raised our target price to € 35 (vs € 30). We have revised up our forecasts for EPS by 10% for 2022 (aligning our estimates to the full-year guidance) and 7% for 2023e. The stock gained 5% yesterday than...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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