Siltronic AG : The recovery is taking its time...
>Outperform rating and target price of € 100 maintained - Following the publication of Q3 2024 results, we reiterate our Outperform rating and our target price of € 100. Siltronic continues to cope with the weakness of demand in the wafers industry, due to persistent surplus stocks at its clients raison. In this context, the qualification of clients in the new plant in Singapore has been pushed back from Q4 2024 to 2025. This has resulted in a delay in the start of de...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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