Soitec SA (OTCMKTS:SLOIF – Get Free Report) shares dropped 4.9% during trading on Tuesday . The stock traded as low as $172.22 and last traded at $172.22. Approximately 315 shares were traded during trading, a decline of 98% from the average daily volume of 18,558 shares. The stock had previously closed at $181.00.
Analysts Set New Price Targets
Separately, Zacks Research raised 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 given a Sell rating to the company. According to MarketBeat, Soitec has a consensus rating of “Reduce”.
Read Our Latest Research Report on Soitec
Soitec Price Performance
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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