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
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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.
Le chiffre d'affaires du T1'27 ressort au-dessus de notre objectif, porté par la forte accélération des activités liées à l'IA, dont les ventes en Photonics-SOI ont doublé sur un an.
Le chiffre d'affaires du premier trimestre 2026-2027 atteint 113 M€, en hausse de 23 % sur un an à périmètre et taux de change constants, au-dessus de l'objectif d'environ 15 %. La croissance est portée par l'Edge & Cloud AI (65 M€, +46 %) grâce au doublement des ventes de Photonics-SOI pour les data centers IA, et par l'Automobile & Industrie (10 M€, +108 % sur base de comparaison faible), tandis que les Communications Mobiles reculent de 10 % à 39 M€ dans un marché des smartphones sous pression et avec la correction des stocks RF-SOI. L'usine SOI 300mm de Singapour a été qualifiée auprès de premiers clients pour la production en grande série de Photonics-SOI.
Risks mentioned
Marché des smartphones sous pression et correction des stocks excédentaires chez les clients RF-SOI
Baisse des prix du POI compensant la hausse des volumes
Activité Automobile & Industrie atone, avec base de comparaison faible
Perspectives Photonics-SOI conditionnées à l'absence de perturbation majeure sur le marché de l'IA
Opportunities identified
Doublement des ventes de Photonics-SOI sur un an, tiré par les data centers IA
Qualification de l'usine SOI 300mm de Singapour pour la production en grande série de Photonics-SOI
Engagements pluriannuels avec acomptes clients sécurisant la capacité de production
Accord à long terme avec Skyworks renforçant la visibilité sur le POI
Partenariat avec ZenSemi pour industrialiser le 300mm BCD-sur-SOI en électronique de puissance
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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.
