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Pin to quick picksIQE Share News (IQE)

Share Price Information for IQE (IQE)

London Stock Exchange
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Share Price: 32.15
Bid: 33.90
Ask: 30.85
Change: -0.15 (-0.46%)
Spread: -3.05 (-8.997%)
Open: 33.00
High: 33.25
Low: 31.65
Prev. Close: 32.30
IQE Live PriceLast checked at -

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Rising 3D-sensor demand sees Canaccord backing IQE

Wed, 08th May 2019 09:55

(Sharecast News) - Canaccord analysts bumped up IQE's target price from 120p to 130p on Wednesday to reflect upbeat guidance from the company's downstream customers amid rising 3D-sensing attachment rates from Android OEMs.Analysts suggested that these rising attachment rates, along with an iphone demand rebuild, improves visibility on the AIM traded company returning to year-on-year revenue growth exceeding 25% in the second half of the year, putting the smartphone semiconductor manufacturer back onto its roughly 20% revenue and roughly 40% earnings per share through-cycle growth trajectory.Examples of the rising number of 3D-sensing products include Samsung phones which use the function for their QuickMeasure app, as well as Huawei's Honor View20 phone, which can use its 3D sensor to turn the device into a motion-controlled gaming console.While maintaining their 'buy' rating of the stock, Canaccord analysts added that several of IQE's main photonics and wireless customers have reported in-line or better results and guidance over the last 10 days, sounding confident about a demand recovery into the second half of the year.Photonics customer AMS beat consensus estimates with its first quarter revenues and second quarter guidance as the company expects a strong second half, while Lumentum expects 3D sensing revenue to ramp up from summer and is seeing a reversal of excess VCSEL inventory.Meanwhile, wireless customers Qorvo and Skyworks reported small beats and raises driven by content gains in smartphones and 5G infrastructure, while Win Semi has seen Asian smartphone demand increase since Chinese New Year."This is supported by our research which shows a rapid increase in smartphones with front- & rear/world-facing 3D sensors from several OEMs including Samsung, Huawei/Honor & Nokia. Assuming further launches into the second half, rising Android attach rates could drive potential upside to 2H19 Photonics estimates," said Canaccord analysts.IQE's shares were down 2.27% at 85.95p at 1231 BST.
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10 Apr 2024 10:30

IQE soars on upbeat outlook and contract extension despite sales drop

(Alliance News) - IQE PLC on Wednesday said it expects to meet revenue and earnings market consensus in 2024 despite a drop in sales in its latest financial year.

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10 Apr 2024 10:00

AIM WINNERS & LOSERS: IQE up on contract; Chamberlin hit by demand

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

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10 Apr 2024 07:15

IQE confident in recovery as it expands AWSC partnership

(Sharecast News) - Semiconductor wafer and advanced material specialist IQE announced its results for the year ended 31 December on Wednesday, alongside announcing an expansion of its partnership with Advanced Wireless Semiconductor Company (AWSC).

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4 Apr 2024 13:09

UK earnings, trading statements calendar - next 7 days

Friday 5 April 
no events scheduled 
Monday 8 April 
Bango PLCFull Year Results
Ferrexpo PLCTrading Statement
Globaltrans Investment PLCFull Year Results
Tuesday 9 April 
Alliance Pharma PLCFull Year Results
CMC Markets PLCTrading Statement
hVIVO PLCFull Year Results
Imperial Brands PLCTrading Statement
IQE PLCFull Year Results
JTC PLCFull Year Results
S&U PLCFull Year Results
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Wednesday 10 April 
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Marshalls PLCFull Year Results
Tesco PLCFull Year Results
Thursday 11 April 
Norcros PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Mar 2024 08:51

IQE boosts product portfolio towards artificial intelligence demands

(Alliance News) - IQE announced on Tuesday that it had strengthened its portfolio with a range of new products.

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16 Jan 2024 10:56

IQE revenue in line with guidance; poaches Intel's Jutta Meier as CFO

(Alliance News) - IQE PLC on Tuesday said 2023 revenue is in line with guidance and announced the appointment of Intel Corp's Jutta Meier as its new chief financial officer.

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16 Jan 2024 10:23

IQE FY revenues surge on strong H2 performance

(Sharecast News) - Semiconductor company IQE said on Tuesday that full-year sales had surged in 2023, driven by a strong second-half performance.

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9 Jan 2024 14:00

IQE appoints new vice president of government affairs

(Sharecast News) - Semiconductor wafer company IQE announced the appointment of Rina Pal-Goetzen as its vice president of government affairs on Tuesday.

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8 Jan 2024 11:42

IN BRIEF: IQE North Carolina site approved for wafer manufacture

IQE PLC - Cardiff, Wales-based supplier of compound semiconductor wafer products - Says its site in North Carolina, US, has been approved by technology partner Raytheon to produce epitaxial wafers for use in advanced infrared sensing and imaging. Chief Executive Officer Americo Lemos says: "IQE is a market-leading global player in the supply of compound semiconductors to the aerospace and security industries. Having received a Raytheon Premier Supplier Excellence award, this qualification demonstrates the continued confidence that Raytheon has in IQE. We are proud to be a strategic partner, ensuring the volume production of sensor and imaging materials made in the USA for a resilient supply chain. We look forward to continuing our long-term partnership for years to come."

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8 Jan 2024 08:20

IQE's North Carolina site gets Raytheon seal of approval

(Sharecast News) - Semiconductor wafer and materials specialist IQE announced on Monday that Raytheon has officially qualified its North Carolina site to produce epitaxial wafers intended for advanced infrared sensing and imaging applications.

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11 Dec 2023 14:30

IQE extends Cardiff University partnership on compound semiconductors

(Alliance News) - IQE PLC on Monday said it extended its long-term partnership with Cardiff University to research capacity in compound semiconductor technologies.

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11 Dec 2023 09:29

IQE extends partnernship with Cardiff University

(Sharecast News) - Semiconductor group IQE revealed on Monday that it has extended its partnership with Cardiff University.

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10 Nov 2023 16:15

Director dealings: IQE CEO raises stake

(Sharecast News) - IQE revealed on Friday that chief executive Americo Lemos had acquired 1.36m ordinary shares in the AIM-listed compound semiconductor wafer products supplier.

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