Soitec Shares Up 300% YTD on €100M Photonics Growth, Target Raised
French semiconductor materials maker Soitec SA, market cap €3.4 billion, has surged over 300% this year and climbed 84% this month as investors chase its €100 million silicon photonics division. Analyst Oddo BHF boosted its price target to €85 from €50, while Deutsche Bank and others also lifted projections.
1. Stock Rally Surge
Soitec’s share price has climbed more than 300% since January and jumped 84% in April as investors target its exposure to silicon photonics.
2. Photonics Division Impact
Silicon photonics, which generated roughly €100 million in sales, is used in data center connectivity to improve speed and efficiency, attracting demand from AI infrastructure builders.
3. Analyst Target Revisions
Oddo BHF raised its price target to €85 from €50 this week, and firms including Deutsche Bank have similarly lifted their forecasts as optimism around photonics mounts.
4. Industry Context and Risks
Smartphone materials still account for over half of Soitec’s revenue, posing a risk if photonics momentum slows; peers IQE, Aixtron, Lumentum and Coherent have also seen sharp gains.