Infineon Technologies AG : The worst is over now, but the valuation looks unappealing and what kind of recovery can we expect in the automotive segment?
>Q3 2020 results well above expectations thanks to the margin - Q3 2020 sales came to € 2,174m, beating the consensus of € 2,110m. The operating margin reached 10.4% (consensus 6%) on the back of effective cost control and a very solid contribution from Cypress (especially its NOR flash and WiFi activities). Adjusted EPS came to € 0.13 vs a consensus of € 0.05. A breakdown by division shows that automotive (ATV) sales totalled € 815m (consensus € 821m), reflecting a q...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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