Soitec (SOIT.PA) is a leading French semiconductor materials manufacturer with a market capitalization of €6.31 billion as of August 2, 2023. Founded in 1992 by André-Jacques Auberton-Hervé and Jean-Michel Lamure, the company specializes in the design and production of innovative materials used in the semiconductor industry.
Soitec is known for its expertise in engineered substrates, such as silicon-on-insulator (SOI) wafers, which enhance the performance and efficiency of electronic devices. The company's materials are widely used in various applications, including smartphones, automotive, and IoT devices. It went public in 1999, and its advanced materials have enabled significant advancements in semiconductor technology, making it a key player in the global semiconductor materials market.
Soitec was listed on the Paris Stock Exchange in 1999, and in the past five years (2018-2023), its share price has fluctuated between a low of €45.72 per share in November 2018 and a high of €243.00 per share in December 2021. The stock's all-time high occurred during the COVID-19 pandemic, and its all-time low in the early stages of the pandemic.
When analyzing its share price, traders and investors may consider using technical analysis tools such as moving averages, Relative Strength Index (RSI), and Fibonacci retracements. Moving averages may help identify trends, RSI may help in identifying overbought and oversold conditions, and Fibonacci retracements may help in identifying potential support and resistance levels.
In terms of trading strategies, one such approach could be swing trading, where traders look for short-term price fluctuations and attempt to profit from them. However, always do research, have a clear understanding of their risk tolerance, and have a well-planned trading or investing strategy in place before making any trades.
If you're planning to start trading Soitec stock, you may want to evaluate its competitors first. By doing so, you'll develop a comprehensive understanding of the market and how different factors impact the company's stock price. Its competitors include:
- STMicroelectronics (STM.PA) is a global semiconductor company based in France, specializing in the design and manufacture of a wide range of semiconductor solutions.
- Qualcomm (QCOM.US) is an American multinational semiconductor and telecommunications equipment company. It is a leader in the development of wireless technologies, particularly in mobile communications and 5G technology.
- Texas Instruments (TXN.US) is an American semiconductor company with a strong presence in the global market. It designs and manufactures a broad portfolio of semiconductor products, including analog and embedded processors used in various applications such as automotive, industrial, and consumer electronics.
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.