$SLOIF

Soitec (SOIT) fell 5.4% to €130.10 as semiconductor stocks globally declined. The drop follows rising US rate hike odds, AI funding concerns, and Chinese competition. The stock is down from its 52-week high of €196.30, with no company-specific news to offset broader market trends.

Soitec's stock rose 7.25% to €163.45, leading the SBF 120 index's 0.85% gain. BofA upgraded the stock to 'buy' and raised its price target to €300, citing strong momentum.

Soitec's stock fell 3.6% to €154.15, making it one of the biggest decliners in the SBF 120 index, which dropped 0.81%. Despite this, the stock is up 7.5% over one month and 57% over three months. It remains above its 20-day and 50-day moving averages, at €148.25 and €130.34 respectively. The broader CAC 40 index also declined 0.75% amid French debt tensions.

Barclays upgraded Soitec to 'overweight' and raised its price target to €200 from €110, citing growth in photonics. The target implies 41.1% upside from the Sept. 17 closing price. Barclays expects photonics to drive revenue growth, with estimates rising from €592M in FY26 to €1.22B in FY29. Risks include customer concentration and mobile demand weakness.

Soitec shares rose 11% after JPMorgan upgraded the stock to Overweight, doubling its price target to €200. The bank cited strong demand for its Silicon Photonics business, forecasting €1B revenue by 2030. JPMorgan raised fiscal 2028 revenue and EPS estimates significantly, noting potential manufacturing expansion in Singapore. Concerns about the mobile chip segment persist, but are outweighed by Silicon Photonics growth.

European stocks rose 0.49% on Sep 3, recovering from one-month lows, with Soitec up 10.3% after raising its 2027 revenue growth outlook to 50%. Oil prices eased but remained high, and ECB rate hikes are expected. WPP and Publicis gained after a media account win, while luxury stocks fell. Commerzbank and Deutsche Telekom also rose on positive news.

Soitec (Euronext: SOI) stock surged 12.5% to €126 after raising Q2 FY2027 revenue growth guidance to 50% YoY due to strong demand for Photonics-SOI wafers. CEO Laurent Rémont confirmed multi-year supply agreements and set a $200M+ revenue floor for the fiscal year. The company expects Q2’27 Photonics-SOI revenue to triple from Q2’26 levels. Soitec holds a dominant 95% market share in Photonics-SOI.

Soitec shares rose 6% after the French chip materials maker announced multi-year supply agreements with AI data center optics customers, securing deposits and fixed pricing. CEO Laurent Remont expects over 80% of capacity reservations to be signed within weeks. The company projects photonics-SOI revenue to more than double this financial year, exceeding $200 million. Soitec supplies substrates for nearly all silicon photonics chips, with UBS estimating a 95% market share.

Investing.com reports Soitec shares rose 2.4% to €105.25, reaching €107.8, after ASML raised its 2024 outlook for the second time. ASML now forecasts annual sales of €43-45B and gross margin of 54-56%. The move also reflects a broader stabilization in European chip equipment and easing French inflation to 1.8% y/y.

Investing.com reports Soitec shares fell 12.7% to about €103.35 after weak investor reaction to Samsung Electronics’ Q2 preliminary results triggered selling across European semiconductor stocks. Soitec dropped from €118.40 to a low near €102.40, while analysts at INVESTIR cut its price target from €210 (late May) to €150 (July 3).