Belgium's Melexis tops BEL20 on Infineon's positive results

Melexis NV

04/02/2025 08:43

** Shares of Belgium's largest semiconductor firm Melexis
 MLXS.BR  rise around 3.5% to the top of the country's main
index BEL20  .BFX , lifted by positive results of German peer
Infineon  IFXGn.DE 
    ** Analyst Michael Roeg of Degroof Petercam says Infineon's
results, along with the company raising full-year guidance on a
positive impact from currency fluctuations, drive Melexis shares
higher
    ** Shares of peer STMicroelectronics  STMPA.PA  are also up
around 1.9%
    ** Melexis will report full-year results for 2024 on
Wednesday

 (Reporting by Nathan Vifflin)
 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))