Shares of Soitec SA (OTCMKTS:SLOIF – Get Free Report) were up 8.2% during mid-day trading on Tuesday . The company traded as high as $120.00 and last traded at $117.85. Approximately 205 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 16,673 shares. The stock had previously closed at $108.9352.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Soitec to a “hold” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.
Get Our Latest Stock Report on Soitec
Soitec Stock Up 7.3%
About Soitec
Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.
The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.
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