Soitec Stock Drops Over 4% and Breaks Its Support at €116.50
The Isère-based semiconductor substrate specialist continues its correction in early afternoon trading. The stock breaks through a new technical level under watch, in a global semiconductor sector under pressure. The session follows the sharp decline from the previous day.
The Stock Breaks Through Its Key Support and Moves Away from Its Moving Averages
Soitec stock drops 4.11% to €115.45, after breaking through its support threshold of €116.50 during the session. The stock thus extends the sharp decline from the previous day, when it had plummeted nearly 8% to finish at the bottom of the SBF 120. This move occurs as the Nasdaq falls 2.21% and the global semiconductor sector experiences a wave of profit-taking. The technical setup has significantly deteriorated.
The price is now 19.23% below its 20-day moving average (€142.93) and 15.66% below its 50-day moving average (€136.89), signaling a clear break in short and medium-term dynamics. The RSI at 44 remains neutral despite the magnitude of the monthly decline (-34.9%), a sign of partial seller exhaustion. Only the 200-day moving average at €61.74 remains well below the current price, a direct consequence of the 122.7% rally recorded over three months.
Short Sellers Reduce Their Bearish Bets Despite the Stock's Relapse
According to reviewed statements, the bearish bet on Soitec has significantly lightened. Two funds now cumulatively hold 1.18% of the capital sold short, down from 3.27% thirty days ago, a decrease of 2.09 points. This decline reflects a gradual covering of short positions, without however indicating a trend reversal: the movement may accompany the stock's fall as profit-taking by shorts. This should be interpreted with caution in the context of high volatility in the case.
On the fundamentals side, during the annual accounts presentation on May 27, the company had reported a 34% decline in revenue to €592 million for the fiscal year 2026, affected by inventory corrections among RF-SOI clients and weakness in the automotive market. However, cash flow had turned positive at €63 million. The stock remains up 163.6% over the year, but has erased some of its gains with a nearly 35% decline over the past month. The stock has just crossed the mid-June lows around €116, a former support now given up to the downside.
