|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.36 - 23.68|
|52 Week Range||15.43 - 24.36|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||21.14|
|Forward Dividend & Yield||0.31 (1.32%)|
|1y Target Est||28.20|
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) sets a new milestone in smart card innovation with 40nm generation of security chip solutions. The SLC3x has outstanding performance and scalability for a vast array of smart card applications and beyond. Smart card manufacturers and payment solution providers will benefit from a family architecture based on the de-facto industry standard ARM®, contactless excellence from Infineon as well as innovative logistic concepts.
MUNICH and MIAMI , Nov. 19, 2019 /PRNewswire/ -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Klika Tech have formed a partnership to develop innovative solutions for smart buildings based on ...
Infineon Technologies AG (ETR:IFX) came out with its annual results last week, and we wanted to see how the business...
Auto suppliers Continental and Osram plan deeper cost cuts after reporting weaker results on Tuesday, as a global slowdown hits the car industry. On Tuesday Japan's Nissan reported a 70% plunge in quarterly profit.
European stocks edged higher on Tuesday ahead of a critical speech on China trade relations from President Donald Trump, supported by generally well-received earnings.
European shares climbed back to a four-year high on Tuesday as positive German investor sentiment data and a slew of upbeat earnings lifted the mood, but Spanish stocks lagged after socialist and far-left parties joined forces to form a coalition. The data comes ahead of German GDP numbers that are expected to show a technical recession for Europe's largest economy, which analysts say is mostly baked in by markets. The gains were led by telecoms stocks, which gained 1.4% boosted by the world's second largest mobile operator Vodafone after it increased its full-year earnings guidance.
“We are feeling the effects of weak global auto demand and do not expect any improvement for the time being,” said Chief Executive Reinhard Ploss. He doesn’t expect markets to recover before the second half of the fiscal year, he said.
Infineon Technologies slightly beat its profit guidance in the fourth quarter and said the semiconductor market showed signs of picking up in 2020, triggering a share rally for the German chipmaker. Shares in Munich-based Infineon, widely seen as relatively resilient to the industry's ups and downs, rallied 6% as Chief Executive Reinhard Ploss said the market was steadying and would pick up next spring. Infineon forecast revenue would grow by 5% in its fiscal year to Sept. 30, 2020, down from 6% in the year just ended.
Infineon surged higher Tuesday after Europe's biggest chipmaker posted stronger-than-expected fourth quarter earnings even as it cautioned that global semiconductor markets may not return to growth until the second half of next year.
Today we are going to look at Infineon Technologies AG (ETR:IFX) to see whether it might be an attractive investment...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of ON Semiconductor Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
SINGAPORE, Oct. 24, 2019 /PRNewswire/ -- At the annual OktoberTech Asia Pacific 2019 on October 25, Infineon Technologies (FSE: IFX / OTCQX: IFNNY) will welcome new startups to its Co-Innovation Space as members of the inaugural batch of startups depart with their commercially-ready solutions built with Infineon's microelectronics. Three new startups, BAWA Cane, Spectronik and XaLogic, will be developing solutions for the visually impaired, clean mobility and machine learning respectively in the next 12 months at Infineon Co-Innovation Space. Leaving the Co-Innovation Space are Ampotech with its smart energy monitoring solutions and Xnergy with its next-generation wireless power transfer and charging technologies for autonomous devices.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Texas Instruments Inc. shares plunged the most in almost 11 years after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a sell off in semiconductor stocks.Investors have poured money into chip stocks this year, betting on a rebound in demand. That hasn’t happened as a U.S.-China trade war drags on, undermining economic growth. Texas Instruments, the first big semiconductor maker to report in this earnings cycle, has products in almost all markets that use electronic components, making its predictions a broad indicator.The company said most of its markets deteriorated in the quarter, with automotive and communications-equipment demand among the weakest. Companies are cutting back on orders as they wait for China and the U.S. to reach a definitive trade agreement, Chief Financial Officer Rafael Lizardi said.“Macro is weak because of trade tensions,” Lizardi added in an interview on Tuesday. “When that happens, companies pull back.”Texas Instruments shares dropped as much as 13% Wednesday. They were down 8.7% to $117.35 at 9:40 a.m. in New York. European peers also declined. STMicroelectronics NV and Infineon Technologies AG declined as much as 4.9% and 4.2% respectively before 11:30 a.m. in central Europe.Texas Instruments has more than 100,000 customers and a similar number of products, so a drop in orders signifies a weaker economy, not a loss of market share, the CFO also said.Fourth-quarter earnings will be 91 cents a share to $1.09 a share on revenue of $3.07 billion to $3.33 billion, the Dallas-based company said in a statement. On average, analysts predicted profit of $1.28 a share and sales of $3.59 billion, according to data compiled by Bloomberg. At the mid-point, Texas Instruments’ projections represents a 14% decline in revenue from a year earlier.The company had said sales declines this year were the result of torrid growth in 2018 when customers accumulated inventory they’re now working through. A normal pattern would result in five quarterly declines before the backlog is cleared. The quarterly results reported on Tuesday marked the fourth period of contraction, so Wall Street was looking for signs of improvement. That made the warning from Texas Instruments particularly disappointing.“It’s more concerning for the global growth outlook going forward,” said Logan Purk, an analyst at Edward D. Jones & Co. “It’s not good for the rest of the semiconductor space or markets in general.”The world’s sixth-largest chipmaker reported third-quarter net income fell to $1.43 billion, or $1.49 per share, from $1.57 billion, or $1.58 a share, in the same period a year earlier. Revenue dropped 11% to $3.77 billion. Analysts had estimated a profit of $1.42 a share on sales of $3.81 billion.The company gets the biggest portions of its revenue from the industrial and automotive markets where its chips provide key basic functionality such as power regulation and the translation of real-word experiences like sound and pressure into electronic signals. It’s a major supplier of parts for communications equipment such as mobile phone network base stations. Demand for that kind of chip dropped 20%, the company said.(Updates with share trading in fifth paragraph.)To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MUNICH , Oct. 16, 2019 /PRNewswire/ -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) will add a new member to its automotive microcontroller family AURIX™ to address new automotive 77 GHz radar applications ...
Amdocs (DOX) will deliver its NFV Orchestrator and Generic Virtual Network Function Manager to automate every aspect of VodafoneZiggo's service lifecycle management.
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
MOUNTAIN VIEW, Calif. and MUNICH , Sept. 17, 2019 /PRNewswire/ -- Artificial intelligence (AI) and neural networks are becoming a key factor in developing safer, smart, and eco-friendly cars. In order ...
(Bloomberg) -- Germany will finally get another major listed tech company when software maker TeamViewer AG completes a 2.3 billion-euro ($2.5 billion) initial public offering this month -- the biggest in the industry in almost two decades.While Germany has several established tech companies, including software giant SAP SE, there have been few sizable newcomers since chipmaker Infineon Technologies AG listed in 2000. TeamViewer will provide a boost to the weakest European IPO market in years and comes as Germany’s economy teeters on the brink of a recession. The share sale, which is oversubscribed, will be the country’s largest so far this year.Founded in 2005, TeamViewer has developed from a local provider of remote computer access tools to one that offers connectivity to customers in about 180 countries. The company plans to further expand in Europe, Asia and the U.S., and will add to its offerings for large corporate customers to help them connect anything from mobile phones and tablets to machine sensors, smart farming equipment or wind turbines.With a sudden influx of new offerings in Europe, IPO investors have a lot to choose from. Apart from TeamViewer, private equity firm EQT Partners AB is also marketing its initial public offering, with a management roadshow kicking off next week. On Thursday, Helios Towers Plc -- one of sub-Saharan Africa’s largest mobile-phone tower operators -- announced plans to list on the London Stock Exchange.TeamViewer’s owner, private equity firm Permira, plans to sell as many as 84 million shares for 23.50 euros to 27.50 euros each via holding firm TigerLuxOne, the company said late Wednesday. TeamViewer stock is expected to start trading on the Frankfurt Stock Exchange on Sept. 25.The price range would give the company a market value of between 4.7 billion euros and 5.5 billion euros. Bloomberg News previously reported the valuation could be 4 billion euros to 5 billion euros. The listing will improve TeamViewer’s brand recognition and make it easier for it to grow organically and via “selected acquisitions,” spokeswoman Martina Dier said.TeamViewer may hire more people in the U.S. and opened offices in China, Japan, India and Singapore last year to expand sales in those markets. In China alone, TeamViewer has “tens of millions” of free users, more of whom the company wants to convert into paying customers, according to Chief Executive Officer Oliver Steil.“Our big growth combined with strong profitability -- even if market conditions have been difficult -- makes our financial profile attractive to investors,” Steil said in an interview last month.TeamViewer’s cash billings grew more than 35% in the first half, faster than last year’s 25% growth, to over 140 million euros, the CEO said. The company posted a cash operating profit margin of more than 50% during the period. It says its software has been installed on more than 2 billion devices.Permira bought the company for 870 million euros in 2014. It has since partnered with firms including Alibaba Group Holding Ltd. and Salesforce.com Inc. to bolster its cloud offerings.The free float, a measure of company stock available to trade, will be 30% to 42%, depending on the size of the IPO, according to the statement.Goldman Sachs Group Inc. and Morgan Stanley are arranging the IPO, with Bank of America Corp., Barclays Plc and RBC Capital Markets. Lilja & Co. is acting as an independent adviser to Permira and TeamViewer.(Updates with company comment in sixth paragraph. An earlier version of the story was corrected to remove reference to IPO proceeeds)To contact the reporter on this story: Stefan Nicola in Berlin at email@example.comTo contact the editors responsible for this story: Dale Crofts at firstname.lastname@example.org, Andrew Blackman, Chris ReiterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") rated ON Semiconductor Corporation's ("ON Semi") amended senior secured term loan ("Term Loan") at Baa3. All other ratings, including ON Semi's Ba1 Corporate Family Rating ("CFR") and Baa3 rating on its existing $1.9 billion senior secured revolver ("Revolver"), and the stable outlook remain unchanged.