SILTRONIC AG NA O.N.

Siltronic has technically broken the downtrend and continues to trade above the trend-channel line and a support around 81 euros. Despite positive impulses, including Jefferies raising its price target to 130 euros due to improved demand and wafer-price developments, industry turbulence threatens a fall back into the down channel. A sustained breakout could push prices higher, but macroeconomic and sector-specific risks could slow the rally. » Altro su finanzen.net

Siltronic's share is under pressure after major shareholder Wacker Chemie placed 2.2 million shares (6.7% of the share capital) with institutional investors at €77.25 each, raising around €171 million in gross proceeds. Despite ongoing demand for wafers driven by the AI boom, the placement is causing short-term selling pressure. » Altro su finanzen.net

Siltronic shares fell by around 4.2 percent after an accelerated placement by Wacker Chemie. Wacker sold 2.2 million Siltronic shares at €77.25 each and reduced its stake to about 15 percent. Market participants expect that the stock could typically recover after such placements. » Altro su finanzen.net