SHAREHOLDER portfolio value Infineon: STMicroelectronics competitor with strong outlook – is the buy signal successful?

Infineon’s competitor STMicroelectronics is optimistic about this year due to sustained strong demand and expanded production capacity. Chip giant Infineon should benefit from good information in the run-up to its numbers in early February. Is the technical buy signal successful?

STMicroelectronics CEO Jean-Marc Chery expects sales between 16.8 and 17.8 billion US dollars for 2023 – and thus an increase of between four and ten good percent. So the forecast is above analysts’ expectations. After a large increase in sales in the previous year, they had expected only a small increase.

In 2022, revenue increased by more than a quarter to $16.1 billion. The surplus was about four billion dollars, almost double the previous year. The stock should continue its upward movement.

It is likely that Infineon will provide a similarly optimistic outlook with the presentation of Q1 figures for the 2022/23 financial year, which began in October. The giant company has a turnover of about four billion euros and a profit margin of about 25 percent in the first quarter. A volume of 24 percent is expected for the whole year, and sales are expected to be around 15 billion euros. DER SHAREHOLDER will explain in detail about estimates and forecasts in advance.

(With material from dpa-AFX)