Siltronic AG : After a strong Q1 2020, target price raised to € 100 (vs € 90)
>Buy recommendation maintained, target price raised to € 100 vs € 90 - Following the release of strong Q1 2020 results and an optimistic message on Q2 (and despite a cautious message on H2 2020), we are confirming our Buy recommendation, and raising our forecasts by an average of 14% and our target price to € 100 vs € 90. Like the other players in the sector, Siltronic is obviously exposed to the consequences of Covid-19. And it expects to see the effects in H2. Howe...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.