Soitec Stock Rebounds 4% After a 13% Plunge
The Isère-based semiconductor substrate specialist catches its breath during the session, following an analyst's pivot that took a harsher stance on the stock. The rebound occurs in a buoyant semiconductor sector in Paris, though the stock remains well below its short and medium-term moving averages.
A 4% Rebound Positions It Among the Leaders of the SBF 120
Soitec stock climbs 4.03% to €102.30 at midday, marking one of the strongest gains in the SBF 120. The stock ranks just behind Mersen in the index, while STMicroelectronics also advances nearly 4%, confirming renewed interest in European semiconductors during the session. The rebound follows a nearly 13% plunge the previous day, which had made the stock the index's worst performer, partially offsetting that drop.
Over the week, the stock is still down 12.3%, and the monthly decline reaches 34.6% after a sharp summer correction. However, the longer-term outlook remains vastly different, with gains of 88.7% over three months and 113.1% over a year, following a spectacular spring rally.
JP Morgan Shifts to Neutral and Significantly Lowers Its Price Target
JP Morgan downgraded its rating to neutral on July 8, with a price target reduced from €130 to €92, now below the current price. BofA Securities, on the other hand, maintained its hold rating on July 7, while lowering its target from €193 to €138. These revisions reflect a tightening of analyst opinions around current price levels, in a context where the company had pointed out, during its annual publication on May 27, 2026, pressures on profitability due to a significant reduction in production, while highlighting market share gains in AI and the adoption of Photonics-SOI solutions.
Technically, the stock remains 28.4% below its MM20 (€142.93) and 25.3% below its MM50 (€136.89), while the MM200 (€61.74) remains well below the current price, underscoring the magnitude of the annual bullish run. The RSI at 44 indicates a market lacking clear direction, with a technical support identified at €116.50, a threshold recently broken and now a resistance to be reclaimed.
