Infineon: Solid Numbers, But Little Solid Chart

Last Updated: 23. November 2023By

Infineon Technologies AG, a leading manufacturer of semiconductor solutions, has released its numbers. Should you add the chip stock to your portfolio?

Infineon Posts Solid Numbers For the fourth quarter, the company reported a revenue of €4.15 billion compared to €4.14 billion a year ago. The net profit was €753 million compared to €735 million a year ago. Earnings per share from continuing operations was €0.57 compared to €0.56 in the previous year.

CEO is Satisfied „The results are the first confirmation of the more ambitious course that our company embarked upon one year ago,“ said Infineon CEO Jochen Hanebeck.

Cautious Forecast for 23/24 The largest German chipmaker forecasted sales of about €17 billion – plus or minus €500 million – and a segment result margin of about 24% in the middle of the range for 2023/24. For the current first quarter, the company is targeting sales of about €3.8 billion and a margin of about 22%.

German Chip Stock with High Volatility Conclusion: A look at the chart above reveals an unimpressive performance – high volatility, no clear trend. In the last few days, however, the stock has risen from nearly €29 to €34, that is, a rise of 17%. Twenty of 24 analysts are recommending to buy and four to hold. The average analyst target price is €44.40 – a good potential of over 30% for you as an investor. The highest analyst target price is even above €52 – significantly above the 52-week high.