INFINEON TECHNOLOGIES AG

(IFX)
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Real-time Estimate Tradegate  -  05/16 03:14:27 pm EDT
28.31 EUR   -1.00%
05/13A strong first quarter for both product segments
AQ
05/12INFINEON TECHNOLOGIES AG : Goldman Sachs remains its Buy rating
MD
05/11INFINEON TECHNOLOGIES AG : Sell rating from Jefferies
MD
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Rising COVID cases, inflation drag European shares further off record highs

01/07/2022 | 05:32am EDT

* STOXX 600 marks first weekly dip in three

* Travel stocks among worst performers

* Tech stocks biggest weekly decliners, down 4.5%

* Samsung, STMicro boost chipmakers

Jan 7 (Reuters) - European shares slipped on Friday on concerns over rising inflation and surging coronavirus infections, while investors were uncertain over how weak U.S. payrolls data would influence the Federal Reserve's plans for tightening policy.

The pan-European STOXX 600 closed 0.4% lower, and lost 0.3% this week.

The European travel and leisure sector sank 1.6% and was among the worst performers for the day as countries grapple with an Omicron-led rise in COVID-19 cases.

Data also showed euro zone inflation rose to a record high last month, likely pointing towards more pressure on the European Central Bank to raise interest rates this year.

The STOXX 600 has fallen 1.6% since Wednesday as expectations of higher interest rates battered heavyweight technology stocks. The sector was the worst performer this week, losing around 4.5%.

Hawkish signals from the Fed have also dented equity markets. But while weak U.S. payrolls data on Friday somewhat undermined the Fed's tilt, analysts said rising wages could feed into inflation and push the central bank into tightening policy.

"Inflation is the main concern for the Fed, and they are going to go ahead with rate hikes and potentially balance sheet run-off in order to remove monetary accommodation," said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.

"The report today is unlikely to do anything to change the Fed’s mind."

The prospect of higher interest rates boosted European bank stocks, making them the best performers this week with a 6.7% jump.

Gains in some chipmakers helped limit some losses in the technology sector. Italy's STMicroelectronics, rose more than 3% after posting quarterly revenue above its own estimates.

German chipmaker Infineon Technologies gained 1.7%, taking cues from South Korea's Samsung Electronics that posted upbeat fourth-quarter results.

Deutsche Bank climbed 1.8% to a more than six-month high. The German lender's finance chief told Handelsblatt in an interview that the firm is confident it will reach a key profitability target this year.

Dutch insurer Aegon rose more than 4% to the top of the STOXX 600, after it announced a 50 million euro share buyback.

Meanwhile, Airbus dropped 0.8% after reports that Qatar Airways is seeking more than $600 million in compensation from the planemaker over surface flaws on A350 jetliners. Airbus has said that while it acknowledges technical problems, there is no safety issue.

Polish parcel locker firm InPost plummeted 14.0% to the bottom of the STOXX 600 after posting weaker-than-expected quarterly parcel volume growth in the country. (Reporting by Anisha Sircar in Bengaluru; Editing by Uttaresh.V, Ramakrishnan M. and Alison Williams)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.49% 105.84 Real-time Quote.-5.34%
DEUTSCHE BANK AG -1.37% 9.219 Delayed Quote.-15.17%
INFINEON TECHNOLOGIES AG -1.19% 28.255 Delayed Quote.-29.85%
INPOST S.A. -4.15% 5.41 Real-time Quote.-46.74%
SAMSUNG ELECTRONICS CO., LTD. -0.30% 66300 End-of-day quote.-15.33%
STMICROELECTRONICS N.V. -1.94% 37.145 Real-time Quote.-12.66%
STOXX EUROPE 600 NR 0.07% 990.92 Delayed Quote.-9.87%
All news about INFINEON TECHNOLOGIES AG
05/13A strong first quarter for both product segments
AQ
05/12INFINEON TECHNOLOGIES AG : Goldman Sachs remains its Buy rating
MD
05/11INFINEON TECHNOLOGIES AG : Sell rating from Jefferies
MD
05/11TRANSCRIPT : Infineon Technologies AG - Special Call
CI
05/11INFINEON TECHNOLOGIES AG : Gets a Buy rating from Deutsche Bank
MD
05/10INFINEON TECHNOLOGIES AG : Societe Generale maintains a Buy rating
MD
05/10INFINEON TECHNOLOGIES AG : Barclays gives a Neutral rating
MD
05/10INFINEON TECHNOLOGIES AG : Berenberg maintains a Buy rating
MD
05/10INFINEON TECHNOLOGIES AG : Jefferies reiterates its Sell rating
MD
05/10INFINEON TECHNOLOGIES AG : Gets a Buy rating from Goldman Sachs
MD
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Financials
Sales 2022 13 459 M 14 002 M 14 002 M
Net income 2022 1 892 M 1 968 M 1 968 M
Net Debt 2022 2 310 M 2 404 M 2 404 M
P/E ratio 2022 19,5x
Yield 2022 1,09%
Capitalization 36 785 M 38 270 M 38 270 M
EV / Sales 2022 2,90x
EV / Sales 2023 2,64x
Nbr of Employees 53 599
Free-Float 99,7%
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Mean consensus BUY
Number of Analysts 24
Last Close Price 28,60 €
Average target price 40,98 €
Spread / Average Target 43,3%
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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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