Soitec rises, analysts see Q1 in-line results as low point
** Shares in Soitec SOIT.PA rise around 3%after the semiconductor materials supplier reported in-line Q1 results, with analysts expecting this to be a low point of the year
** J.P.Morgansays the indication is that Q1 2025was the bottom and that revenue will improve sequentially from these levels
** The broker flags Soitec is saying that it sees signs of recovery in the smartphone market
** "The market may give the co. the benefit of doubt and the stock may rise on the back of hope for recovery", JPM adds
** Jefferies analysts also note that Q1 was confirmed as the low-point in this downcycle, with the RF-SOI (radio frequency silicon-on-insular )inventory correction still expected to complete towards the end of H1 2025
** "Q1 is ugly, but also the low-point," Stifel notes, adding the "bad" Q1 came as no surprise
Reporting by Marianna Ciabach-Malinowska
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