Siltronic AG : Guidance raised further, thanks to the dollar and despite a weakening demand environment
>Outperform rating and € 75 target price reiterated - Following the Q3 2022 results release (23% above the consensus) and a second guidance upward revision to full-year guidance, we maintain our Outperform recommendation and our target price of € 75. The group confirmed that weakness in some segments has not yet been reflected in wafer demand. The 300mm and 200mm plants continue of produce at full capacity. Consequently, 2022 remains a year of growth driven by 1/ cont...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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