Soitec shares fall back below their 200-day moving average, against the SBF 120 trend
The Isère-based semiconductor substrate manufacturer lost ground at the close, against a stable Paris market. This pullback brings the stock back below a long-term average it had recovered earlier in the week, after a month of liquidation of rare magnitude.
A 2.88% decline pushes the stock back below its 200-day moving average
Shares of Soitec closed the session at €102.80, down 2.88%, while the SBF 120 gained 0.05% and the CAC 40 rose 0.09%.
The stock was among the largest decliners in its index. It thus fell back below its MM200, at €107.89, 4.72% below that level, and remains well below its MM50 (€133.89).
The rebound of the week, of around 12% over seven days, was not enough to erase the monthly decline of 33.46%. This session follows a 3% relapse on Thursday, in a market that was nonetheless better oriented. The RSI at 40 remains neutral, with no sign of selling exhaustion.
JP Morgan lowers its price target to €190 while maintaining an overweight rating
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On November 11, JP Morgan lowered its price target from €200 to €190, while maintaining its overweight rating. This target remains well above the current price, with a gap of nearly 85%.
The consensus of the analysts surveyed values the stock at approximately 87 times earnings for the current fiscal year and 25 times those of the following fiscal year.
The company also announced on July 29 a share buyback programme of €358 million. The support level at €91.64, tested at the beginning of the month, is the level to watch in the coming sessions.
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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.