Soitec (SOI) rises after annual results, contrasting analyst evaluations
Soitec shares traded up 5.0% to €135.10 on 12 June 2026. This dynamic occurs amid contrasting analyst evaluations and the recent publication of its annual results, with shares trading above their previous close of €128.60.
The French company, specialising in semiconductor materials, particularly benefited from a significant increase in Berenberg's price target, which rose from €28 to €138 on 10 June 2026, with a 'hold' recommendation maintained. This positive revision partially offsets a downgrade by Jefferies on the same day, which lowered its recommendation to 'underperform' citing valuation concerns and slower-than-anticipated revenue acceleration in its Photonics-SOI division.
This stock market progression extends the rebound observed yesterday and follows Soitec's publication of its results for the 2026 fiscal year on 4 June 2026. These results highlighted a return to positive free cash flow and strong momentum in the Photonics-SOI segment, a key growth driver for artificial intelligence-related data centre demand. The stock had, however, fallen 8.0% on 10 June, before beginning to regain ground.
Why Berenberg's Optimism is Driving Soitec
Soitec is a French company positioned at the heart of the technology industry, developing and manufacturing advanced semiconductor materials. These specialised substrates are essential for the performance of electronic chips, finding crucial applications in areas such as communications, automotive, and, increasingly, the data centres powering artificial intelligence, notably via its Photonics-SOI technology.
The progression of Soitec shares on 12 June 2026 is primarily explained by a significant re-evaluation of its prospects by analysts. Berenberg notably drastically raised its price target for the stock, moving it from €28 to €138 on 10 June, while maintaining its "hold" recommendation. This update, which reflects a more optimistic view of the company's valuation, comes despite a simultaneous downgrade by Jefferies, which had lowered its recommendation to "underperform" due to concerns related to valuation and the Photonics-SOI division.
This more favourable view from Berenberg has clearly stimulated investor appetite, propelling Soitec's share price up by 5.0% to €135.10. The stock had closed the previous day at €128.60, marking a clear recovery after a period of volatility.
Imagine you follow a football team whose recent performances have been mixed. An influential sports expert, who had until then held a cautious opinion, suddenly publishes a new analysis predicting that the team will not only win its next match, but potentially the championship, drastically revising their expectations upwards. Even if they do not advise buying tickets blindly, this new perspective is enough to restore confidence among supporters and drive up the value of their jerseys.
Soitec
Soitec S.A. (SOI) is a French semiconductor company that engineers and produces advanced materials for microelectronics. Its specialised silicon-on-insulator (SOI) wafers are integral to manufacturing chips found in a wide array of devices, from smartphones, tablets, and computers to IT servers, data centres, and automotive electronics. The company’s product portfolio includes Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, alongside PD-SOI and FinFET-SOI for high-performance computing. Soitec also supplies RF-SOI substrates for 4G LTE and 5G sub-6 GHz/mmWave smartphone front-end modules, and power-SOI products for integrating high and low voltage functions in automotive and industrial power ICs. Further offerings include Smart Photonics-SOI for optical networking, Smart Imager-SOI for 3D image sensing, Auto Smartsic for green mobility, Connect RF-GaN for 5G infrastructure, and Gallium Nitride (GAN) Epitaxial wafers for energy-efficient power management. Established in 1992, Soitec S.A. is headquartered in Bernin, France.