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 rises as investors welcome cost base guidance
Tue, 30th Jun 2015 07:53
Shares in chipmaker Imagination Technologies rose 3% on Tuesday after the company said it expects to see an increase in profitability in 2016, despite posting a wider loss for year to April 30.The company, whose chips are used in Apple devices, reported a pre-tax loss of £11.95m, up from £314,000 last year. However, total revenue rose to £177.02m from £170.84m.The results were slightly below consensus expectations.Royalty revenue from sales of devices containing the company's technology was up 9% at £118.9m, while licensing revenue was up 2% at £39m.Chief executive Hossein Yassaie said: "We have seen robust licensing and royalty revenues across all three IP families whilst continuing to tightly control our costs. Significantly we have secured major design wins for our graphics and processor IP with new high volume mobile players - these multi-year agreements will further drive unit shipments in the medium term. Our connectivity IP continues to gain momentum. "The established strengths and comprehensive nature of our three key IP families have enabled our unique platform capability which has significantly contributed to licensing revenues this year." Imagination Technologies said it continues to tightly manage the investment across the group and as a result, it expects the increase in adjusted operating costs to be lower than previous years and between 5% - 10%. The company said that progress made to date in the product lines and their exploitation combined with the effective operating cost management gives it confidence that it will be able to also make significant financial progress over the next few years with an expected rise in profitability in full-year 2016."We continue to believe a 30% - 40% operating margin range is a realistic target for the longer-term," said the company.Investec said: "The main positive likely to be picked up by the market is the improved operating cost base guidance, pointing to more financial discipline."The brokerage kept its 'hold' rating on the stock with an unchanged price target of 220p. "On balance expect a positive reaction today on signs of greater bottom-line discipline," it said.
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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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