Shares of Soitec SA (OTCMKTS:SLOIY – Get Free Report) have received an average recommendation of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company.
SLOIY has been the topic of a number of analyst reports. Oddo Bhf lowered Soitec to a “neutral” rating in a report on Tuesday, April 28th. Jefferies Financial Group cut Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a report on Friday, May 15th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Finally, UBS Group cut shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th.
View Our Latest Stock Report on SLOIY
Soitec Stock Performance
About Soitec
Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cutâ„¢ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.
Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.
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