IQE Share News (IQE)

IQE raises £31.1m through placing, retail offer

(Sharecast News) - Semiconductor wafer specialist IQE confirmed the issue of new shares on Friday, as part of its placing and retail offer.

IQE shares jump as raises GBP1.1 million through REX retail offer

(Alliance News) - IQE PLC on Friday said it has raised GBP1.1 million through the issue of 5.5 million new shares at a price of 20 pence each, to existing retail investors.

LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

IN BRIEF: IQE shares fall as raises GBP30 million in placing

IQE PLC - Wales-based compound semiconductor wafer product supplier - Raises GBP30 million in share placing. Peel Hunt LLP and Numis Securities Ltd placed 150.0 million shares in IQE at 20 pence per share. Chief Executive Officer Americo Lemos, Chair Phil Smith and directors Andrew Nelson, Carol Chesney and Victoria Hull have subscribed for total of 12.7 million shares at issue price. IQE notes that the placing price represents a discount of just under 15% to Wednesday's closing price of 23.5p per share. The company has applied to the London Stock Exchange for the shares to be admitted to trading on AIM. Admission is expected to take effect on or around Monday morning. IQE's issued share capital now consists of 955.5 million shares.

Apple supplier IQE slides after discounted placing

(Sharecast News) - Apple supplier IQE tumbled on Thursday after saying it had raised around £30m in a discounted share placing.

AIM WINNERS & LOSERS: MyHealthChecked to sell tests at Boots shops

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

IQE launches fundraise as annual loss balloons amid semiconductor woe

(Alliance News) - IQE PLC on Wednesday launched a fundraise as it reported a more than tripled annual loss and warned current trading is affected by the semiconductor industry downturn.

UK earnings, trading statements calendar - next 7 days

IQE named 'Gold Tier Supplier' by BAE Systems

(Sharecast News) - Compound semiconductor wafer products and advanced material supplier IQE announced the receipt of a Gold Tier Supplier Award from BAE Systems on Wednesday.

Deutsche Bank lowers target price on IQE

(Sharecast News) - Analyst at Deutsche Bank lowered their target price on semiconductor firm IQE from 60.0p to 40.0p on Wednesday, stating its second trading update this year pointed to an "awful" first half.

LONDON BROKER RATINGS: Jefferies rates Future at 'hold'; Spirent upped

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Numis cuts price target for IQE

(Sharecast News) - Numis has cut its price target on IQE, after the tech firm issued its second profits warning this year.

IN BRIEF: IQE shares plunge as soft demand to hit first-half revenue

IQE PLC - Cardiff, Wales-based compound semiconductor wafer product supplier - Says expectations for 2022 remain in-line with the update provided on January 16. However, notes that it has seen an acceleration of the trends anticipated in that update, with weaker demanding leading to inventory build-up throughout the supply chain. Consequently, the reduction in customer orders and forecasts is expected to result in a year-on-year decline of GBP30 million in revenue for the first half of 2023. Revenue in the first half of 2022 was GBP86.2 million.

AIM WINNERS & LOSERS: Atlantic Lithium restored, refutes claims

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

IQE says drop in customer orders to dent revenue, shares slump

(Sharecast News) - IQE tumbled on Thursday as it warned that a drop in customer orders was set to dent revenues.