Soitec Shares Fall Nearly 4% in Morning Trading
The semiconductor substrate specialist is losing ground this Tuesday mid-morning, trading at €155.50. The stock is among the top three decliners in the SBF 120, in a broader index that is down 0.6%. The movement comes after an intraday record of €180, and as Nomura raised its target to €250.
Nomura Sets €250 Target on Soitec, Over 60% Premium on Current Price
Nomura set a price target of €250 on Soitec on Sunday, with a buy recommendation. The implied potential reaches nearly 61% compared to the current price of €155.50. The Japanese broker's target comes amid an extraordinary stock market sequence: the stock has surged +297.7% over three months and +193.4% over a year. Soitec hit an intraday record of €180 on Monday, before retreating. The context also reveals measurable selling pressure. Net short positions reported to the AMF have reached 5.03% of the capital, held by six funds, up from 2.25% a month ago. Two Sigma Investments holds 1.35% of the capital in short positions, and Walleye Capital 1.10%.
RSI at 74 Indicates Bullish Exhaustion After Spring Surge
The stock has returned to €155.50 after the previous day's peak, marking a session decline of 3.83%. An RSI at 74 confirms that the rally has pushed Soitec into an overbought zone. The price is moving in the upper range of the Bollinger Bands, at 81% of the amplitude, close to the upper limit at €178.95. The gap to the moving averages remains staggering: the price is 34.2% above the MM20 (€115.86) and more than double the MM50 (€77.01). The identified technical resistance is at €171.35, below the peak reached on Monday. Today's decline is part of a generally downward-oriented SBF 120 (-0.6%), and a CAC 40 that is down 0.62% at 8,006 points. The next concrete appointment for shareholders: the publication of the annual results 2026 on May 27.
