Soitec (OTCMKTS:SLOIY) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Soitec (OTCMKTS:SLOIY) in a research note issued to investors on Wednesday morning, FlyOnTheWall reports. The brokerage issued an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. Susquehanna started coverage on shares of Soitec in a research note on Monday, May 8th. They issued a positive rating for the company. Citigroup started coverage on shares of Soitec in a research note on Thursday, June 29th. They issued a buy rating for the company. Morgan Stanley started coverage on shares of Soitec in a research note on Thursday, May 25th. They issued an overweight rating for the company. Finally, JPMorgan Chase & Co. lowered shares of Soitec from a neutral rating to an underweight rating in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $214.00.

Soitec Price Performance

OTCMKTS:SLOIY opened at $77.75 on Wednesday. The company has a 50-day moving average price of $77.75 and a 200-day moving average price of $77.55. Soitec has a 12 month low of $66.93 and a 12 month high of $87.43.

Soitec Company Profile

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.