Soitec : Confidence reiterated on the dossier and target price raised
>Latest news following a company contact - Optimism on the ramp-up of 5G - In light of the marked increase in the share price (which has reached our target price), we contacted the company for an update yesterday.The main piece of good news concerns trends in the wireless market in which the group generates >70% of its sales, on our calculations. The latest indications show that management’s targets have become conservative for 5G smartphone volumes (200m units i...Soitec is a manufacturer of silicon and integrated circuits. Co. offers products based on Silicon-on-Insulator (SOI), which serves to support the manufacturing of more energy-efficient integrated circuits. Co.'s operations can be divided into three divisions: Electronics, Solar Energy and Lighting. The Electronics division manufactures and sells substrates and components intended for the microelectronics industry; the Solar Energy division manufactures and sells photovoltaic modules, designs and constructs turnkey projects, and operates photovoltaic power plants; and the Lighting division isolates resources to develop materials designed for the production of light emitting diodes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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