Soitec shares, among the worst performers in the SBF 120, fall 3% intraday
The Isère-based semiconductor substrate manufacturer slips in early afternoon, in a Paris market that is nonetheless better oriented. The stock ranks at the very bottom of its index, following a cut in JP Morgan's price target, which still rates it overweight.
A 2.91% decline to €105.20 that reverses the previous day's rebound
Soitec loses 2.91% to €105.20, while the CAC 40 gains 0.61% and the SBF 120 gains 0.56%. The stock is the second-to-last in the index, ahead of Eramet only. The previous day's rebound, which had placed it at the top of the index, is thus partly reversed.
The price is below its three moving averages: the MA20 at €115.26 (a gap of 8.73%), the MA50 at €134.39 and the MA200 at €107.50, the latter being only 2.14% above the price.
The session extends a very difficult month, with a 34.23% decline, and the RSI at 42 remains neutral. The support at €91.64, which the stock had returned to on November 9, remains the reference level in case of a further slide.
A downward revised analyst rating and a P/E ratio still high
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Yesterday, JP Morgan lowered its price target on the stock from €200 to €190, while maintaining its overweight rating. Even revised, the target remains well above the day's price. Analyst opinions therefore remain favourable in substance, despite the stock's decline.
According to the consensus of the analysts surveyed, the stock trades at about 88.8 times earnings for the current fiscal year and 25.9 times those of the following year. The group also announced on July 29 a share buyback programme of €358 million. The next quarterly results are expected on November 18.
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Context
Period
Period: T1 2027
Key reported figures
Revenue: 113 millions d'euros
Quarterly revenue: 113 millions d'euros
Guidance from the release
La visibilité de Soitec sur la demande Photonics-SOI et le renforcement de sa capacité d'exécution s'améliorent
Outlook / guidance
Expected revenue: 137,5 millions d'euros
Management commentary: Soitec anticipe un chiffre d'affaires du T2'27 en hausse de plus de 30% sur un an, notamment soutenu par une accélération du Photonics-SOI.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
