(CercleFinance.com) – The stock is enjoying a rebound of almost 1% this afternoon after falling -6% yesterday following the announcement of the results.
Credit Suisse maintains its ‘outperformance’ opinion and its price target of 48.4 euros on Infineon, while raising its estimates of earnings and EPS 2022-25 by 1 to 4%, the day after the quarterly publication of the group of semiconductors .
According to the broker, there could be upside potential for the current-year outlook, should supply constraints ease faster than expected over the rest of the year.
“We continue to view Infineon as a significant beneficiary of a number of secular trends, including decarbonization, vehicle electrification/automation and IoT (Internet of Things),” adds Credit Suisse.
UBS also confirms its advice to purchase and its target of 49 E. ‘The results are solid, as expected’ indicates the analyst.
“Fiscal 2022 second quarter EBIT was 8% higher than expected and fiscal 2022 third quarter EBIT was roughly in line. Based on the new guidance for FY22, we expect a single-digit increase in EBIT from the prior year,’ the analysts said.
For the 2022 financial year, management is targeting a turnover of 13.5 billion euros (compared to 13.0 billion euros previously). The segment result margin is expected to exceed 22% (compared to approximately 22% previously). Free cash flow is expected to reach around €1.1 billion (vs. around €1.0 billion previously).
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