Infineon Technologies AG : The trajectory of the recovery in H2 is ambitious, but the low point has been reached and the valuation remains reasonable
>Good resilience to bad news, a symbol of the resilience of the business model and low valuation of the share. Outperform, target price cut to € 41 vs € 43 - Following the publication of Q1 2024 results < forecasts, with weak Q2 2024 guidance and a warning on 2024, Infineon’s share price displayed good resilience (-3% after +3% the day before). The warning had been widely anticipated, but probably not its magnitude (guidance for € 16bn vs € 17bn previously and the co...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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