Soitec Shares Hit a Record High of €180 Before Retreating to €166.20
The semiconductor substrate specialist reached a peak of €180.00 during Monday's session, surpassing its previous record of €178.85 set in 2023. However, the stock fell back to €166.20 in early afternoon, down 3.01% from the last close. This movement occurred in a SBF 120 that fell 1.09%, following a three-month surge of 377.6%.
Intraday Record at €180, Followed by Profit-Taking
Soitec stock reached a new three-year high at €180.00 during the session, before falling back to €166.20. The stock has set several peaks in recent weeks: €167.20 on May 8, and €161.90 at the beginning of May. The weekly performance is 30.92%, and the year-over-year gain exceeds 213%. Ranked 115th in the SBF 120, the stock's decline today reflects the overall sluggishness of the Paris market. Net short positions reported stand at 5.62% of the capital, up 3.37 points over thirty days according to the AMF, with TWO SIGMA, Walleye Capital, and NUMERIC INVESTORS as the main short sellers. This level of short interest indicates increased selling pressure during the rally.
Tight Overbought Condition, Nomura Targets €250
The price is at the upper end of the Bollinger Bands, at 94% of the upper limit set at €174.20. The RSI at 81 remains in a marked overbought zone. The gap to the MM20 (€111.00) is nearly 50%, indicating an extreme technical extension after a rally that saw the stock nearly quadruple in three months. Regarding analyst recommendations, Nomura raised its target to €250 with a buy rating on May 10, 2026, representing a potential 50% increase from the current price. The annual results for 2026 are expected on May 27, the next scheduled event for the company.
