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Infineon Technologies AG (IFNNY) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-01-26 00:06
In the latest market close, Infineon Technologies AG (IFNNY) reached $37.32, with a -1.63% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.Shares of the company have depreciated by 10.18% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.The investment commun ...
Infineon and Wolfspeed Expand and Extend Multi-Year Silicon Carbide (SiC) 150mm Wafer Supply Agreement
Businesswire· 2024-01-23 10:00
MUNICH & DURHAM, N.C.--(BUSINESS WIRE)--Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global semiconductor leader in power systems and IoT, and Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced the expansion and extension of their existing long-term 150mm silicon carbide wafer supply agreement, originally signed in February 2018. The extended partnership includes a multi-year capacity reservation agreement. It contributes to Infineon’s general supply chain ...
Infineon Technologies AG (IFNNY) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-01-20 00:01
The most recent trading session ended with Infineon Technologies AG (IFNNY) standing at $37.85, reflecting a +1.47% shift from the previouse trading day's closing. This change outpaced the S&P 500's 1.23% gain on the day. At the same time, the Dow added 1.06%, and the tech-heavy Nasdaq gained 1.7%.Coming into today, shares of the company had lost 10.79% in the past month. In that same time, the Computer and Technology sector gained 1.98%, while the S&P 500 gained 0.94%.Analysts and investors alike will be k ...
Infineon Technologies AG (IFNNY) Declines More Than Market: Some Information for Investors
Zacks Investment Research· 2024-01-12 00:34
The most recent trading session ended with Infineon Technologies AG (IFNNY) standing at $37.99, reflecting a -0.68% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.07%.Shares of the company have depreciated by 5.91% over the course of the past month, underperforming the Computer and Technology sector's gain of 2.5% and the S&P 500's gain of 3.98%.The investment community will be paying close attention to the earnings performance of Infineon Te ...
Infineon: Automotive Segments Turbocharging Growth
Seeking Alpha· 2023-12-26 02:58
Sean Gallup In our previous analysis of Infineon Technologies AG (OTCQX:IFNNY), we identified that Infineon's Automotive segment includes four key product groups including power semiconductors, MCUs, sensors, and memory ICs. Power semiconductors contribute about half of the segment's revenue, with the power semiconductor market representing 58% of the overall automotive semiconductor market. We believed Infineon's strong presence in the MCU, sensor, and power semiconductor markets gives it a competitive adv ...
Infineon: Underlying Growth Remains Robust
Seeking Alpha· 2023-12-23 00:57
adventtrInvestment action I recommended a buy rating for Infineon (OTCQX:IFNNY) when I wrote about it the last time, as I expected growth to normalize as the business continues to clear its backlog. Doing so, the market should eventually re-value its multiple to its peers’ level. The stock took a big dive before recovering, and I believe the current momentum can continue. Based on my current outlook and analysis of IFNNY, I recommend a buy rating. Underlying demand remains robust for IFNNY, especially i ...