Infineon Technologies AG

IFX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€19.00	Grysk	Ydwjhkdgm

Infineon Earnings: Firm Remains Among Our Top Picks in Semis as a Recovery Lies Ahead

Brian Colello

Aug 5, 2024

Narrow-moat Infineon Technologies reported decent fiscal third-quarter results amid an industrywide cyclical downturn, and we’re pleased with the company’s forecast for the September quarter as the company thinks that the worst of the downturn is behind it. We maintain our EUR 50 fair value estimate, and we still view Infineon’s shares as providing one of the more attractive margins of safety for investors in the semis space.

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