SOITEC: Shares Down by 5%, Continuing Decline
The Isère-based specialist in semiconductor substrates continues its correction following a harsh session the previous day. The stock is lagging in the broad Parisian index, amidst a wave of profit-taking in the semiconductor sector. However, its quarterly dynamics remain among the strongest on the French market.
Soitec Trails in the SBF 120, Following STMicroelectronics Also Under Pressure
Soitec's stock falls 5.14% to €148.45, at the tail end of the broad Parisian index while the SBF 120 gains 0.25%. The stock thus marks the largest decline in the sector, ahead of STMicroelectronics, which drops 4.27%. The decline brings the weekly decrease to nearly 23%, following a drop of over 7% the previous day. The movement occurs in a climate of correction for European semiconductors, after several weeks of soaring. Over three months, the performance remains spectacular, at over 250%. Over one year, the gain exceeds 220%. According to reviewed statements, the cumulative net short positions reach 1.93% of the capital, driven by two funds. The level has significantly receded over thirty days, down 3.69 points from 5.62% a month ago. This decrease reflects a gradual covering of bearish bets, without being a clear directional signal: the short-selling pressure has significantly eased during the rally phase.
Stock Falls Below Its MM20 and Displays Extreme Valuation After Gaining More Than 250% Over Three Months
The price regresses to €148.45, now below the 20-day moving average (€160.64, a gap of -7.59%), for the first time since the start of the rally. The RSI at 53 returns to a neutral zone, indicating that the stock is shedding the excess buying accumulated in recent weeks. The MM50 at €116.76 remains well below the current price (+27.14%), confirming that the underlying trend remains bullish despite the ongoing consolidation. According to the consensus of surveyed analysts, the stock is priced at approximately 495.7 times the earnings for the current fiscal year and 78.1 times those of the next fiscal year, a tight valuation that makes the stock sensitive to technical breathers. During the annual publication on May 27, 2026, the company highlighted opportunities related to demand in the AI market and the adoption of Photonics-SOI solutions for data centers, while pointing out the risk of volume declines due to inventory corrections among its clients. The major technical support is at €98.76, still well below the current price.
