2 Jan 2020 07:37
Apple inks licensing deal with Imagination Technologies
(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.
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Don't have an account? Click here to register.Imagination Technologies impresses Investec with margin guidance
Tue, 16th Dec 2014 11:13
Imagination Technologies' shares surged on Tuesday after the chip company beat forecasts with its first-half results and impressed with its outlook, prompting positive comments from Investec.The broker said that the interim figures were slightly ahead of its expectations with group revenues down just 3.5% at £82.2m, compared with its £78.8m estimate. Adjusted earnings before interest and tax (EBIT) dropped by 59.7% to £5m, but came in ahead of the £3m forecast.Investec said that the 'beat' was due to a better-than-expected royalty revenue performance, with sales holding more or less flat year-on-year at £56.3m."A key positive is the (broad) stabilisation of non-MIPS [royalty] units at 248m (250m [in second half ended 30 April]) after several halves of decline," said analysts Roger Phillips and Julian Yates.Imagination gave new guidance for flat non-MIPS royalty units for the full year, implying around 280m units in the second half compared with current consensus of at least 330m. However, the analysts said this cleared up uncertainty and addressed a key issue for the market.Nevertheless, they said the "major news" in the statement was the medium-term target for EBIT margins of 30-40% - it was the first time the company has given explicit guidance for this."In theory this could at least double EBIT [for the financial year ending 2017], and so this stock apparently has a bottom-line return story for what feels like the first time," Phillips and Yate said."We retain our 'hold' given testing royalty rate assumptions for the second half, but expect a positive short-term reaction."They put their 220p target price under review for the stock, which had jumped 12.6% to 214p by 11:33.
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Imagination Technologies boosted by Numis upgrade
(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 310p from 280p following better-than-expected results. The chip maker on Tuesday reported royalty revenues rose 6% and licensing revenues increased 7% i
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6 Dec 2016 08:17
Peter Hill to chair Imagination Technologies
(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January. The London-listed firm said Peter is
Read more29 Sep 2016 11:56
Broker tips: Imagination Technologies, Babcock, Sainsbury's
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read more29 Sep 2016 10:31
Numis cuts rating on Imagination Technologies to 'add' from 'buy'
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read more29 Sep 2016 08:27
Imagination Technologies sells Pure digital radio business for £2.6m
(ShareCast News) - Imagination Technologies said trading in the first quarter continues to be in line with the board's expectations and announced an agreement to sell its Pure digital radio business to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt. The company said the deal also
Read more10 Aug 2016 10:11
Wednesday broker round-up
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
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