Soitec Stock Hits €200.50, an Unprecedented Peak Since 2022, Before Folding
The Isère-based semiconductor substrate specialist experiences a spectacular session in Paris. After reaching a new historical high in the morning, the stock abruptly turned around and is now among the most significant declines on the SBF 120. This consolidation comes after an annual report that was well-received by the market and an upward target revision.
An Intraday Record of €200.50 Overwhelmed by Significant Profit-Taking
Soitec stock reached €200.50 during the session, its highest in four years, surpassing the previous record of €199.95 set in 2022. The stock is now priced at €187.95, down 2.21% from the previous close, after having broken above the €192.20 resistance level only to fall below it again. This movement reflects significant profit-taking after an extraordinary bullish sequence: the stock is still up +12.82% for the week and has gained 359.5% over three months. The Paris stock market is operating in a different dimension, with the SBF 120 up 0.79% and the CAC 40 up 0.81% during the session. The RSI is at 68, in a bullish tension zone, while the price is far above its three moving averages, with a gap of 76.64% from the MM50 and 258.34% from the MM200. These figures illustrate the magnitude of the rally and explain today's pullback.
Annual Accounts, Target Upgrades, and Residual Pressure from Short Sellers
The decline occurs the day after the release of the annual accounts for 2026, revealed on May 27. Revenue fell by 34% to €592 million, but free cash flow returned to a positive €63 million after a deficit of €23 million in 2025. During this release, the company identified as a main opportunity the market share gain due to AI-related demand, and as a central risk the decrease in volumes due to stock corrections among its clients. Regarding analysts, Oddo BHF raised its target from €85 to €144.86, while Citi raised its target from €34 to €110 but maintained its sell recommendation, indicating a marked difference in judgment between houses. In terms of positioning, the reviewed statements report a cumulative net short position of 3.20% of the capital, carried by four funds, down 0.54 points over a month. The bearish bet remains but is lightening, a sign of partial unwinding alongside the rally. With a strained valuation (the stock is trading at about 112 times the expected earnings for the following year according to the consensus of surveyed analysts), the €192-200 range emerges as the technical lock of the moment.
