Soitec (OTCMKTS:SLOIY) Price Target Cut to €190.00

Soitec (OTCMKTS:SLOIYGet Rating) had its price objective cut by Societe Generale from €230.00 ($234.69) to €190.00 ($193.88) in a report published on Thursday, The Fly reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on SLOIY. New Street Research started coverage on Soitec in a research note on Wednesday, July 27th. They issued a buy rating for the company. Berenberg Bank dropped their price objective on Soitec from €280.00 ($285.71) to €270.00 ($275.51) and set a buy rating for the company in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Soitec from €240.00 ($244.90) to €195.00 ($198.98) and set a neutral rating for the company in a research note on Monday, June 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $218.20.

Soitec Price Performance

OTCMKTS SLOIY opened at $77.41 on Thursday. The business has a 50-day moving average price of $77.53 and a 200-day moving average price of $80.52. Soitec has a twelve month low of $66.93 and a twelve month high of $135.00.

Soitec Company Profile

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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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