Soitec stock leads the SBF 120, strongest rebound in a sluggish market
The Isère-based semiconductor substrate manufacturer delivers the best performance on the SBF 120 at the beginning of the week, in a Paris market that is almost at a standstill. The stock partially erases its sharp quarterly decline and rises back above its 50-day moving average, in a semiconductor sector context that remains closely scrutinized.
Soitec leads the SBF 120 with a 6% surge that pushes the stock back toward key moving averages
The Soitec stock gains 6.02% during the session at €114.50, establishing itself as the strongest rise on the SBF 120 while the broader Paris index declines 0.03% and the CAC 40 remains virtually stable (-0.04%). Today's surge extends positive momentum initiated during the week (+4.28% over seven days) and over the month (+9.62%), although the stock still records a decline of 35.51% over three months, illustrating the magnitude of the air pocket experienced in spring. In terms of price configuration, the rebound leads Soitec to rise slightly above its MA50 (€110.48, gap +3.64%), which represents a technical threshold recovered after several difficult weeks.
Conversely, the stock remains below its MA20 at €117.39 (gap -2.46%), which constitutes the next obstacle to monitor. The RSI at 44 remains in neutral territory, with no overbought signal, which leaves room for appreciation before the technical configuration becomes tight. The support at €86.40 is now far away, while the resistance at €133.50 remains the more distant objective if the upward momentum continues.
A rebound to be placed within the long-term trajectory and a high valuation to note
Over one year, Soitec displays a performance of +223.1%, driven by the powerful recovery in the semiconductor sector. This long-term context contrasts with the pronounced consolidation of the elapsed quarter (-35.51%), which reflects a period of doubts regarding demand for advanced substrates. The publication of quarterly results in late July had already initiated an improvement in technical momentum, and the Thursday, August 27 session had already seen the stock surge by more than 6% at the head of the SBF 120.
On the valuation front, according to the consensus of analysts surveyed, the stock is trading at approximately 175 times expected earnings for the current fiscal year, and 40 times those of the following fiscal year, which reflects sustained growth expectations integrated into the current price. The resistance at €133.50 remains the nearest graphical horizon if the rebound were to extend beyond the MA20.
