Soitec: New Street Research starts to track as a buyer

(CercleFinance.com) - On Wednesday New Street Research initiated its coverage of the Soitec stock with a buy rating and a target price of 190 euros.


In its comments, the independent broker praises the French semiconductor materials specialist's technological heritage and its near-monopoly position in the silicon-on-insulator (SOI) segments for radio frequency (RF) and transistor (FD) applications.

Analysts say that Soitec benefits from growth of over 20% p.a. driven by the continued development of the 5G market, the deployment of the Internet of Things (IoT) and the increasing adoption of its "SmartCut" process in the silicon carbide business.

Pointing out the stock's significant YTD fall (even on a relative basis), the broker says that it is a great entry point for investors.



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