Soitec (OTCMKTS:SLOIY) Coverage Initiated by Analysts at New Street Research

Research analysts at New Street Research began coverage on shares of Soitec (OTCMKTS:SLOIYGet Rating) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other research analysts have also issued reports on SLOIY. JPMorgan Chase & Co. cut their price target on shares of Soitec from €240.00 ($244.90) to €195.00 ($198.98) and set a “neutral” rating on the stock in a research note on Monday, June 27th. UBS Group decreased their price target on shares of Soitec from €213.00 ($217.35) to €211.00 ($215.31) in a research note on Friday, April 29th. Berenberg Bank reduced their price target on shares of Soitec from €280.00 ($285.71) to €270.00 ($275.51) and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Soitec from €200.00 ($204.08) to €225.00 ($229.59) and gave the stock a “buy” rating in a research note on Friday, April 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.25.

Soitec Price Performance

Shares of SLOIY opened at $71.20 on Wednesday. The company has a 50 day moving average price of $81.76 and a 200-day moving average price of $85.79. Soitec has a fifty-two week low of $66.93 and a fifty-two week high of $135.00.

About Soitec

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Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.

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Analyst Recommendations for Soitec (OTCMKTS:SLOIY)

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