INFINEON TECHNOLOGIES AG

(IFX)
  Report
Real-time Estimate Tradegate  -  10:07 2022-06-27 am EDT
24.44 EUR   +1.57%
06/24INFINEON TECHNOLOGIES AG : Goldman Sachs reiterates its Buy rating
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06/20INFINEON TECHNOLOGIES : introduces highly-integrated MOTIX™ motor controller and 3-phase gate driver
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06/16INFINEON TECHNOLOGIES : REACH Declaration (nur auf Englisch)
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European stocks inch up as investors assess bond moves; oil stocks lag

03/28/2022 | 04:52am EDT
German share price index DAX graph is pictured at the stock exchange in Frankfurt

* BASF rises on HSBC upgrade

* Defensives gain

* Heineken, Carlsberg to exit Russia

* Oil stocks shed 2% as crude slides on China COVID surge

March 28 (Reuters) - European shares gained on Monday, led by automakers and defensive sectors, as hopes for a peace deal between Russia and Ukraine boosted sentiment, while a drop in crude prices pressured oil stocks.

The pan-European STOXX 600 index firmed 0.1%. The benchmark is about 8% away from its all-time high hit in early January.

"Bond markets (are) being seen as somewhat toxic for investors at the moment, and high rates of inflation make cash toxic too, so there is little choice but to invest in equities for now - and working in favor is that dividends ought to grow over time with inflation," said Stuart Cole, head macro economist at Equiti Capital.

European automakers and cyclical sectors including utilities and construction stocks led gains.

The sell-off in euro zone bond markets showed no sign of slowing, with traders pricing in as many as four European Central Bank interest rate hikes within a year.

"(The ECB) is being seen as potentially opting for a softer path of monetary tightening than Fed Chair Powell has suggested for the U.S., which is boosting equities...but the overall climate remains incredibly uncertain," Cole added.

Ukraine and Russia were preparing on Monday for the first face-to-face peace talks in more than two weeks, but a senior U.S. official said Russian President Vladimir Putin did not appear ready to make compromises to end the war.

Meanwhile, oil prices tumbled more than $9 a barrel after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. Oil stocks plunged 2.1% to record their worst session in nearly four weeks.

Credit rating agency S&P Global cut its euro zone growth forecast for the year to 3.3% from 4.4% previously, saying higher energy prices caused by the war would hit households' spending power.

German chemicals giant BASF gained 1.6% after HSBC upgraded the stock to "buy," saying "resilient demand" will likely help first-quarter earnings.

French utility EDF slipped 0.3% after saying it would have to announce new delays and cost overruns for its Hinkley Point C nuclear plant project due to the Ukraine conflict, supply chain disruption and inflation, among other reasons.

British lender Barclays fell 4.1% after disclosing around a 450 million pound ($591.80 million) loss on mishandled structured products.

Carlsberg rose 3.5% after the Danish brewer announced it would exit Russia along with brewing giant Heineken , joining an exodus of Western companies as pressure grows on Moscow following its invasion of Ukraine. (Reporting by Sruthi Shankar and Anisha Sircar in Bengaluru; editing by Uttaresh.V and Bernadette Baum)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.01% 141.813 Delayed Quote.-20.22%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.30% 0.65487 Delayed Quote.2.98%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.21% 0.69309 Delayed Quote.-4.42%
BARCLAYS PLC -0.69% 157.96 Delayed Quote.-14.80%
BASF SE 0.75% 42.58 Delayed Quote.-31.67%
BRITISH POUND / EURO (GBP/EUR) -0.17% 1.16071 Delayed Quote.-2.29%
BRITISH POUND / US DOLLAR (GBP/USD) -0.01% 1.22817 Delayed Quote.-9.29%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.26% 0.731941 Delayed Quote.5.56%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.03% 0.77441 Delayed Quote.-2.00%
CARLSBERG A/S 0.78% 904.8 Delayed Quote.-20.53%
ELECTRICITÉ DE FRANCE 1.22% 7.816 Real-time Quote.-21.77%
EURO / US DOLLAR (EUR/USD) 0.14% 1.05823 Delayed Quote.-7.18%
FTSE 100 0.37% 7236.18 Delayed Quote.-2.38%
HEINEKEN N.V. 0.07% 89.1 Real-time Quote.-9.93%
INDIAN RUPEE / EURO (INR/EUR) -0.35% 0.012064 Delayed Quote.2.71%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.15% 0.012763 Delayed Quote.-4.81%
INFINEON TECHNOLOGIES AG 1.08% 24.35 Delayed Quote.-40.97%
NASDAQ COMPOSITE -0.27% 11569.2 Real-time Quote.-25.81%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.10% 0.6305 Delayed Quote.-7.66%
NIKKEI 225 1.43% 26871.27 Real-time Quote.-7.99%
S&P GSCI PETROLEUM INDEX -0.38% 413.6972 Real-time Quote.51.77%
STMICROELECTRONICS N.V. 0.08% 31.77 Real-time Quote.-26.70%
STOXX EUROPE 600(EUR)(TR) 0.07% 948.33 Delayed Quote.-13.78%
US DOLLAR / EURO (USD/EUR) -0.14% 0.944965 Delayed Quote.7.74%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.51% 53.085 Delayed Quote.-28.47%
US DOLLAR / TURKISH LIRA (USD/TRY) -1.47% 16.5308 Delayed Quote.26.81%
All news about INFINEON TECHNOLOGIES AG
06/24INFINEON TECHNOLOGIES AG : Goldman Sachs reiterates its Buy rating
MD
06/20INFINEON TECHNOLOGIES : introduces highly-integrated MOTIX™ motor controller and 3-p..
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06/16INFINEON TECHNOLOGIES : REACH Declaration (nur auf Englisch)
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06/15INFINEON TECHNOLOGIES : XENSIV™ sensors drive smart solutions to make life easier, s..
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06/14INFINEON TECHNOLOGIES : adds the AIROC™ CYW20820 Bluetooth® & Bluetooth® LE system o..
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06/10PSoC 62 MCUs from Infineon Featured in THE EDGE by Future Electronics
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06/09INFINEON TECHNOLOGIES : presents the world's first ISO26262-compliant high-resolution 3D i..
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06/08“BUILDING NEW CONNECTIONS : ” Infineon links digital to the real world with ne..
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06/08INFINEON TECHNOLOGIES AG : Gets a Buy rating from Goldman Sachs
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06/07INFINEON TECHNOLOGIES : OPTIGA™ Trust M Express and CIRRENT™ Cloud ID offer ea..
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Analyst Recommendations on INFINEON TECHNOLOGIES AG
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Financials
Sales 2022 13 535 M 14 277 M 14 277 M
Net income 2022 1 890 M 1 994 M 1 994 M
Net Debt 2022 2 314 M 2 441 M 2 441 M
P/E ratio 2022 16,2x
Yield 2022 1,29%
Capitalization 31 324 M 33 042 M 33 042 M
EV / Sales 2022 2,49x
EV / Sales 2023 2,26x
Nbr of Employees 53 599
Free-Float 99,7%
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Technical analysis trends INFINEON TECHNOLOGIES AG
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Mean consensus BUY
Number of Analysts 23
Last Close Price 24,06 €
Average target price 40,77 €
Spread / Average Target 69,4%
EPS Revisions
Managers and Directors
Jochen Hanebeck Chief Executive Officer
Sven Schneider Chief Financial Officer
Wolfgang Eder Chairman-Supervisory Board
Rutger Wijburg Chief Operating Officer
Manfred Puffer Member-Supervisory Board
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