EQS-News: Siltronic rejoins the MDAX
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EQS-News: Siltronic AG
/ Key word(s): Miscellaneous
Press release
Munich, December 18, 2023 – Due to the positive development of the market capitalization, the Siltronic share is rejoining the MDAX index today. After several months in the SDAX, the Siltronic AG share is once again represented in the second most important index of the German stock exchange. Additionally, Siltronic shares will remain part of the TecDAX. Throughout the year, Siltronic's share price was negatively impacted by the market weakness in the semiconductor industry, which led to its descent to the SDAX in June 2023. Since then, the share price has steadily recovered, and the company's market capitalization has increased significantly. Dr. Michael Heckmeier, CEO of Siltronic, commented on this development: "The re-inclusion of Siltronic in the MDAX reflects investors' confidence in our future prospects and our continued growth. This underscores the robust share price performance of recent months." Siltronic's inclusion in the MDAX is part of Deutsche Börse AG's regular quarterly review. The decision is based on the market capitalization of the freely tradable shares, i.e. the free float market capitalization.
Verena Stütze
As one of the leading wafer manufacturers, Siltronic is globally oriented and operates production sites in Asia, Europe, and the USA. Silicon wafers are the foundation of the modern semiconductor industry and the basis for chips in all electronic applications – from computers and smartphones to electric cars and wind turbines. The international company is highly customer-oriented and focuses on quality, precision, innovation, and growth. Siltronic AG employs around 4,500 people worldwide and has been listed in the Prime Standard of the German Stock Exchange since 2015. Siltronic AG shares are included in both the MDAX and TecDAX stock market indices.
18.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Siltronic AG |
| Einsteinstr. 172 | |
| 81677 Munich | |
| Germany | |
| Phone: | +49 89 8564 3133 |
| Fax: | +49 89 8564-3904 |
| E-mail: | investor.relations@siltronic.com |
| Internet: | www.siltronic.com |
| ISIN: | DE000WAF3001 |
| WKN: | WAF300 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1798513 |
| End of News | EQS News Service |
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1798513 18.12.2023 CET/CEST
Siltronic AG Stock
Based on 3 Buy predictions and 3 Sell predictions the sentiment towards Siltronic AG is rather balanced.
With a target price of 67 € there is a slightly negative potential of -12.76% for Siltronic AG compared to the current price of 76.8 €.
