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MarketScreener Homepage  >  Equities  >  Xetra  >  Infineon Technologies AG    IFX   DE0006231004

INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Technologies : German chipmaker Infineon raises 1.06 billion euros with capital increase

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05/26/2020 | 05:36pm EDT

German chipmaker Infineon Technologies raised about 1.06 billion euros (941 million pounds) by issuing new shares to partially finance its $10 billion acquisition of U.S.-based Cypress Semiconductor, it said on Tuesday.

Infineon said its share capital would be raised by about 4% after a private placement with institutional investors, adding that the shares were priced at 19.30 euros apiece.

The company closed the acquisition of Cypress Semiconductor in April, coupling its own prowess in managing electric drivetrains with Cypress's superior connectivity in areas such as in-car entertainment.

Infineon said earlier this month that it expects sales to decrease by 5% in the fiscal year to Sept. 30 because of the impact of the coronavirus pandemic, compared with an original target of a 5% increase.

Infineon is a leading maker of power management chips used in electric drivetrains, exposing it to the sudden halt in car production that occurred because of the pandemic.

(Reporting by Emma Thomasson; Editing by Steve Orlofsky and Lisa Shumaker)

Stocks mentioned in the article
ChangeLast1st jan.
INFINEON TECHNOLOGIES AG -0.49% 21.145 Delayed Quote.4.63%
THE NEW HOME COMPANY INC. 6.17% 3.27 Delayed Quote.-33.91%
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Financials
Sales 2020 8 375 M 9 489 M 9 489 M
Net income 2020 571 M 647 M 647 M
Net Debt 2020 5 523 M 6 257 M 6 257 M
P/E ratio 2020 45,8x
Yield 2020 1,18%
Capitalization 27 503 M 31 126 M 31 161 M
EV / Sales 2019
EV / Sales 2020 3,94x
Nbr of Employees 40 813
Free-Float 99,6%
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Technical analysis trends INFINEON TECHNOLOGIES AG
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 21,73 €
Last Close Price 21,15 €
Spread / Highest target 32,4%
Spread / Average Target 2,76%
Spread / Lowest Target -24,3%
EPS Revisions
Managers
NameTitle
Reinhard Ploss Chief Executive Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Sven Schneider Chief Financial Officer
Renate Köcher Member-Supervisory Board
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