Siltronic AG : Excess inventories still weighing on the recovery
>Outperform rating and target price of € 100 maintained - Following the release of the company’s Q2 2024 results, we are reiterating our Outperform rating and our target price of € 100. Despite continued weak demand in the wafer industry, due to excess inventories at customers, the group has revised its 2024 guidance up slightly. The recovery will be slower than expected, but we remain confident in the group’s prospects, particularly in view of the fact that its memor...Siltronic AG is a Germany-based producer of hyperpure silicon wafers. The Company offers polished wafers, epitaxial wafers and annealed wafers, among others. Its products are used for semiconductor components, including high-voltage applications, low resistivity devices in automotive engineering and telecommunications, as well as integrated microprocessors and memory modules for information processing in cell phones, laptops and other consumer goods. The Company also produces high reflectivity (HiREF) wafers, as well as PowerFZ wafers for power applications and Ultimate Silicon for complementary metal-oxide semiconductor (CMOS) applications. It operates production facilities in Europe, Asia and the United States.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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