|Bid||19.25 x 427900|
|Ask||19.27 x 8100|
|Day's Range||19.23 - 19.69|
|52 Week Range||15.76 - 25.76|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||19.35|
|Earnings Date||May 7, 2019|
|Forward Dividend & Yield||0.27 (1.42%)|
|1y Target Est||23.20|
German semiconductor manufacturer Infineon Technologies on Thursday appointed Sven Schneider as its new finance chief, a move that comes as the industry is suffering a downturn.
Infineon Technologies , the German chipmaker, has named Sven Schneider as its next chief financial officer, replacing Dominik Asam who is moving to aircraft maker Airbus. Schneider, hired on a three-year ...
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...
German chipmaker Infineon Technologies aims to bring in outgoing Voestalpine Chief Executive Wolfgang Eder as its chairman in August, replacing Eckart Suenner earlier than expected. Eder, who was elected to the Infineon supervisory board last year with a view of taking over as chair in the medium term, is stepping down as Voestalpine CEO in July.
Chipmaker Infineon Technologies cut its forecast for full-year revenue growth on Tuesday to the bottom of its earlier range, blaming difficult markets, but expects a better second half as demand rebounds and inventories are worked off. Infineon is a leading maker of high-performance power chips used in cars, server farms, smartphones and wind turbines. Trimming his forecast for revenue growth in the current year to September to 9 percent, CEO Reinhard Ploss said Infineon faced weakness in its automotive markets, datacentre servers and in phones.
Infineon said Tuesday it sees revenue growth at the lower end of the forecast range in the 2019 financial year, and plans to reduce investments. AMS, which supplies sensors to companies including Apple, said it would suspend its cash-dividend policy and scrap numerical year-ahead guidance as its first-quarter revenue forecast missed analysts’ estimates. Nordic Semiconductor ASA, a wireless chip company, also reported a loss wider than analyst estimates.
Infineon warned that it now expects fiscal 2019 revenue growth to come in at the lower end of its forecast, despite posting a rise in first-quarter net income.
Investors who bet on European semiconductor stocks to profit from innovations being packed into smartphones and advanced vehicles are facing the grim reality that both industries are hitting a rough patch at the same time. Meanwhile, the smartphone market is cooling after years of headlong growth, as even Apple (AAPL.O) grapples with weak iPhone sales and an unpredictable outlook. "We are staring down both barrels," said Neil Campling, global TMT analyst with Mirabaud Securities in London.
Chinese President Xi Jinping seems to be making the right noises, after reportedly saying that he’d now consider approving a prospective Qualcomm Inc. acquisition of NXP Semiconductors NV. Sure, the premier is more than a little late in granting his assent – the deal was scuppered in July after 21 months of waiting, a victim of procrastination by the Chinese regulator in response to the U.S. trade dispute. Instead, it places the onus squarely on the shoulders of NXP and its European peers, Infineon Technologies AG and STMicroelectronics NV, to find a solution that would improve their scale.
Airbus (AIR.PA) on Wednesday named new financial and operations chiefs as part of a complete leadership overhaul as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals. The European planemaker appointed Dominik Asam, finance director of German chipmaker Infineon Technologies (IFXGn.DE), as its next chief financial officer to replace fellow German Harald Wilhelm. Airbus is in the midst of a two-year management overhaul driven by a combination of high-level retirements and concerns over the impact of ongoing bribery investigations, which have overshadowed years of succession planning and damaged sales.
Airbus on Wednesday named the finance director of German chipmaker Infineon Technologies as its next chief financial officer to replace fellow German Harald Wihelm, who is due to step down next year. Dominik ...
European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers. Recent price falls due to weaker demand for memory chips and a build-up of inventory levels have led some analysts to note the risk of a potential downturn in the global semiconductor industry. U.S.-based Nvidia became the latest semiconductor maker to warn on sales on Thursday, blaming unsold chips piling up with distributors and retailers after the evaporation of a cryptocurrency mining boom, which had fueled demand for processing power.
Infineon (IFNNY) fourth-quarter fiscal 2018 results benefited from strong growth in ATV, PMM and IPC segments. Solid demand for ADAS is a tailwind.