Soitec Coverage Initiation: Buy, €190 Silicon (and more) on insulator for everybody
We initiate coverage this morning on Soitec with a Buy rating, €190 target price.Soitec has one of the strongest market positions and growth outlooks in the semiconductor industry. It pioneered the SmartCut technology in the 1990’s, and has successfully deployed it in the RF-SOI and FD-SOI markets with a de-facto monopoly. Going forward, Soitec can sustainably grow 20%+ p.a., driven by continued 5G content growth, the proliferation of IoT devices, penetrating the RF filter market, and ramping an adaptation of SmartCut for the silicon carbide market. The stock has pulled back significantly this year, even on a relative basis, and we view this as a great entry point for investors.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.