Infineon Technologies AG
IFX: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€78.00 | Rvjnyh | Nwkfdrs |
Infineon's Shares Undervalued as Near-Term Prospects Remain Bright
Infineon Technologies reported strong fiscal third-quarter results and provided investors with a healthy fiscal fourth-quarter outlook, as the company continues to see chip demand well more than available supply. We will maintain our EUR 40 fair value estimate for narrow-moat Infineon and continue to view shares as undervalued, as we like the firm's exposure to rising chip content per vehicle (and especially electric vehicles).