Soitec SA (OTCMKTS:SLOIF – Get Free Report)’s stock price rose 16.1% during mid-day trading on Thursday . The company traded as high as $164.4161 and last traded at $164.00. 131 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 12,545 shares. The stock had previously closed at $141.3170.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Soitec to a “hold” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
View Our Latest Stock Report on Soitec
Soitec Stock Up 2.2%
Soitec Company Profile
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced semiconductor devices. Its substrates are designed to improve chip performance, energy efficiency, and integration while supporting more specialized manufacturing processes than conventional silicon wafers.
The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including RF-SOI for radio-frequency applications and FD-SOI for low-power integrated circuits.
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