Soitec Shares Surge 8.44% at Opening
Semiconductor materials manufacturer Soitec has announced the appointment of Laurent Rémont as CEO, effective April 1, 2026. Aged 54, Laurent Rémont is currently serving as Senior Vice President at Infineon Technologies, where he has notably led the Radiofrequency and Sensors division. He previously held the position of Chief Technical Officer at Kontron AG, after spending over fifteen years at STMicroelectronics. He will succeed Pierre Barnabé, who announced his resignation on October 1, 2025, and will leave his position on March 31. This appointment comes at a time when the group is going through a challenging period, marked by stock adjustments among its clients and a persistent weakness in the automotive market.
The stock is up 8.44% this morning, trading at 28.41 euros, in a Parisian market slightly down by 0.14%. This rebound is part of a recovery dynamic that began a week ago, with the stock having gained 22.51% over the last seven days. This recent surge comes after a particularly challenging year in 2025, marked by a 73.39% drop, positioning Soitec among the biggest losers in the SBF 120 index. Over three months, the correction still reaches 34.1%, reflecting the difficulties encountered by the semiconductor sector. Trading volumes remain moderate this morning, with 0.51% of the capital traded, reflecting a persistent caution among investors despite the ongoing rebound.
Technically, the stock broke through its short-term resistance at 27.55 euros this morning, signaling a possible bullish acceleration. The Relative Strength Index, positioned at 56, indicates a regain in momentum without yet reaching an overbought zone, potentially leaving room for further upside. The MACD, although still negative at -0.95, shows an encouraging signal with a positive histogram at 0.64, indicating a beginning of a trend reversal. However, the stock still lags behind its 50-day moving average, set at 29.87 euros, and even more so compared to its 200-day average at 40.18 euros. The Bollinger Bands, which frame the prices between 22.02 and 27.22 euros, are now breached upwards, which could announce an exit from the consolidation phase observed in recent weeks. The Chaikin Money Flow, negative at -0.16, continues to signal capital outflows, tempering the scope of the current rebound.
