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Infineon Technologies AG (IFNNY)

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42.31-0.50 (-1.17%)
At close: 3:54PM EDT
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Trade prices are not sourced from all markets
Previous close42.81
Open42.32
Bid0.00 x 0
Ask0.00 x 0
Day's range42.08 - 42.60
52-week range16.36 - 44.55
Volume195,378
Avg. volume283,303
Market cap55.172B
Beta (5Y monthly)1.52
PE ratio (TTM)121.58
EPS (TTM)0.35
Earnings dateN/A
Forward dividend & yield0.27 (0.63%)
Ex-dividend date26 Feb 2021
1y target est32.92
  • Yahoo Finance Video

    Chip shortage could impact sectors beyond the auto industry: Micron’s Manish Bhatia

    Manish Bhatia, Micron executive vice president of global operations, joins Yahoo Finance to discuss chip shortage impacts, the company’s upbeat second quarter earnings and outlook.

  • Here’s How the World’s Chip Shortage Is Playing Out for Stocks
    Bloomberg

    Here’s How the World’s Chip Shortage Is Playing Out for Stocks

    (Bloomberg) -- A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars. With companies warning the issue may last into the second half, the fallout threatens to weigh on share prices for months to come.Since news broke in November that Apple Inc. faced a shortage of chips for its latest iPhone, warnings about the impact have been coming thick and fast. Truckmaker Volvo Group and electric-vehicle company Nio Inc. last week joined a long list of auto producers that have idled assembly lines.The lack of chips has been caused by booming demand for tech gear, in large part because of the pandemic, and winter weather in Texas and a fire in Japan have added to the problem. It’s been a boon for companies such as Applied Materials Inc. and Lam Research Corp. that produce the equipment semiconductor makers need to boost output.Here’s a look at the companies with the most at stake as the global chip shortage rages on, and how their stocks have been affected:AutomakersAuto stocks have come roaring back from their pandemic lows. Now both the chip shortage and concern over a resurgence of the coronavirus pandemic have pulled a Bloomberg index of global manufacturers down 14% from its Jan. 25 record high.Volvo Group slumped 7% Tuesday after saying it will have to suspend production due to the lack of semiconductors, while China’s Nio slid 4.8% Friday when it said it will stop output at a factory in Anhui province.A fire March 19 at a Japanese factory operated by Renesas Electronics Corp., one of the biggest makers of automotive chips, hit the industry hard. It triggered a 6.7% drop in General Motors Corp. shares over three days last week. In Japan, shares of Toyota Motor Corp., which touched a six-year high March 18, slumped 6.1% in the subsequent four sessions.“The automotive sector has arguably experienced the greatest level of disruption, with more and more OEMs either slowing production or closing manufacturing plants on a temporary basis,” said Thomas Fitzgerald, a fund manager at EdenTree Investment Management Ltd., referring to original equipment manufacturers.China’s Geely Automobile Holdings Ltd. slid 19% over three days last week after reporting disappointing earnings. Daiwa Securities cited the chip shortage in downgrading the stock and cutting estimates for this year and next. China is dealing with unrelated chip-supply issues of its own.READ, Chip Shortage May Put Market-Beating Rally at Risk: Taking StockSmartphones, Consumer ElectronicsBeyond the auto industry, it’s harder to tease out the stock market impact on companies that depend on semiconductors. Shares of Apple, for example, didn’t react in November to the impact of the shortage, and they’re up more than 5% since then. Smartphone maker Xiaomi Corp. slumped 4.4% Thursday after warning that parts shortages could slow its growth for the next few quarters.One positive aspect of the chip shortage: With demand for consumer electronics as strong as it is, it gives companies the power to raise prices and pass on higher costs, said Neil Campling, an analyst at Mirabaud Securities. “The share prices haven’t reacted particularly negatively to the news, and I think that’s because the important part is that you’re seeing a snapback in demand for these goods,” he said.Lenovo Group Ltd. said in August that its profit margins took a hit from the chip shortage, and in November it said it couldn’t fill all customer orders due to the lack of components. Still, demand for the company’s laptops is soaring because of purchases by people working at home, and the stock has doubled since August.Sony Corp. said last month it might be unable to fully sate demand for its new gaming console in 2021 because of production bottlenecks. The stock touched a 21-year high in February, though it’s dipped 8.2% since then.While Samsung Electronics Co.’s foundry business making chips for other companies benefits from the favorable supply-demand equation, the South Korean firm also has its own line of consumer products that are hurt. Samsung this month warned of problems, including the possible cancellation of the launch of its new Galaxy Note, one of its best-selling smartphone models.Makers of networking equipment also have been feeling the pinch. Analysts at Oddo BHF flagged a DigiTimes report that the lead times for deliveries of networking chips are extending to as long as 50 weeks, suggesting that the chip shortage has also reached the networking segment and will likely last into early next year.ChipmakersWhile automakers have struggled, the flip side of the semiconductor shortage is that the companies supplying those chips could see a boost to their business. Most semiconductor companies should report strong results for the first quarter and give good guidance for the second, said Janardan Menon, an analyst at Liberum Capital Ltd.“This is all great news for the semiconductor vendor,” Liberum’s Menon said by phone. “This kind of tightness -- of capacity utilization, rising prices, very, very strong demand -- invariably means that their results are very, very strong.”However, Menon cautioned that share prices may not follow, given the market is now worried that the peak of the semiconductor cycle is approaching.European auto chip supplier Infineon Technologies AG is up 12% for the year while STMicroelectronics NV has gained just 5.6%. In the U.S., Texas Instruments Inc. is up 15%, while NXP Semiconductors NV and ON Semiconductor Corp. have done better, up 25% and 24% respectively, versus the Philadelphia Semiconductor Index’s 11% rise.There are also broader winners from the shortages in the semiconductor industry, with chip foundries such as leader Taiwan Semiconductor Manufacturing Co. running at close to full capacity to try to keep up with the surge in demand. TSMC shares are down 12% from their record set Jan. 21 but are still up 11% on the year.Semiconductor-Equipment ManufacturersThe makers of equipment used to produce semiconductors are benefiting from the supply crunch as chipmakers rush to add capacity to their factories and governments concerned about national security risks are looking at measures to encourage local production. The combination has created a spending environment that some analysts say will benefit the industry for years.Applied Materials, the biggest equipment maker, has seen its shares double in the past six months, while Lam Research has gained 77% over the same period, nearly twice the return for the Philadelphia semiconductor index. ASML Holding NV is up 74%.TSMC committed to as much as $28 billion in capital spending in 2021, up from $17 billion the year before, while Intel Corp. unveiled a plan on March 23 to pour billions of dollars into production facilities.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bloomberg

    Automotive Chipmaker Renesas Says Fire Halts Production

    (Bloomberg) -- Renesas Electronics Corp., one of the biggest makers of automotive chips, said a fire halted production at one of its Japanese plants. The incident may exacerbate a shortage of semiconductors that has already curbed vehicle output across the industry.The company said it’s still trying to ascertain the amount of damage in the clean room of its N3 building in Hitachinaka, Ibaraki Prefecture. There were no casualties. Clean rooms are designed to keep impurities from contaminating semiconductors, so fire damage has the potential to severely disable production.“While there was no damage to the building, we confirmed damages to some of the utility equipment,” the company said in a statement. “We have been unable to confirm the safety of the clean room, which is the site of the fire, we have been unable to enter the clean room and determine the cause of the fire.”The accident is another blow to automakers that have already had to slow production and are missing out on billions of dollars in sales due to a shortage of chips. Renesas makes a variety of chips used in vehicles including sensors, components that manage power and batteries and parts that power dashboard displays.Renesas has production facilities at six sites in Japan. The N3 building is home to 300 mm wafer production, which would make it one of the company’s more advanced lines. In 2019, Renesas was the third-largest maker of automotive silicon. Toyota Motor Corp. is one of its biggest customers, according to Bloomberg supply chain analysis.The company, which gets almost half of its revenue from the automotive market, did not specify which products are made in the building.After cutting orders and forecasts last year in the pandemic, carmakers have struggled to secure enough electronic components to meet a rebound in orders.The collapse of the Texas power grid this year made the situation worse. NXP Semiconductor NV, the largest maker of automotive chips, idle two plants in the state. Samsung Electronics Co., the second-largest semiconductor maker, paused production at its Austin site and Infineon Technologies AG, another large supplier of chips to the auto industry, said shut a facility there.While those plants are up and running again, semiconductors go through a three-month fabrication process which is vulnerable to disruption and cannot be easily restarted.On Friday, Infineon said it will take until June to return to per-shutdown production levels in Austin and that it won’t be able to recover lost production due to “tight market conditions” and a “fully loaded” facility.(Updates with more details from statement in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.