IQE Share Price (IQE)

Share Name Share Symbol Market Type Share ISIN Share Description
IQE LSE:IQE London Ordinary Share GB0009619924 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +3.55p +4.39% 84.35p 5,543,517 16:35:23
Bid Price Offer Price High Price Low Price Open Price
84.50p 85.00p 86.00p 82.95p 83.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 154.48 14.92 2.09 40.4 645.6
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IQE (IQE) Latest News (4)

IQE News

Date Time Source Headline
15/10/201812:53ALNCIQE Hires Former O2 Finance Director As New Chief Financial Officer
15/10/201807:01ALNCFAlliance News Flash Headline
15/10/201807:00UKREGIQE PLC Iqe Plc: Directorate Change
12/10/201816:00UKREGIQE PLC Iqe Plc: Holding(s) In Company
12/10/201810:01UKREGIQE PLC Iqe Plc: Holding(s) In Company
04/10/201810:00UKREGIQE PLC Iqe Plc: Holding(s) In Company
28/9/201812:00UKREGIQE PLC Iqe Plc: Total Voting Rights
28/9/201810:00UKREGIQE PLC Iqe Plc: Holding(s) In Company
25/9/201810:00UKREGIQE PLC Iqe Plc: Issue Of Equity
07/9/201812:00UKREGIQE PLC Holding(s) In Company
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IQE (IQE) Discussions and Chat

IQE Forums and Chat

Date Time Title Posts
16/10/201804:53IQE's time has come - 2017 and beyond!21,820
26/9/201820:51BANNED from the Iqe thread - how absurd116
30/8/201815:09The ice thread1
05/8/201823:56Anyone else moving over to this BB from II ?6
24/7/201821:51Still time to look at IQE plc (IQE)-

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IQE (IQE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-10-15 17:38:4584.3569,94258,996.08O
2018-10-15 16:07:0984.2829,96125,251.13O
2018-10-15 16:07:0584.3560,45150,992.84O
2018-10-15 16:04:2985.48719614.63O
2018-10-15 16:04:2985.4911194.89O
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IQE (IQE) Top Chat Posts

DateSubject
15/10/2018
09:20		IQE Daily Update: IQE is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker IQE. The last closing price for IQE was 80.80p.
IQE has a 4 week average price of 72.90p and a 12 week average price of 72.90p.
The 1 year high share price is 181.50p while the 1 year low share price is currently 72.90p.
There are currently 765,351,668 shares in issue and the average daily traded volume is 5,188,845 shares. The market capitalisation of IQE is £645,574,131.96.
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20/9/2018
09:01		regasclockwork: thereptile - 13 Feb 2018 - 08:33:18 - 14053 of 21192 IQE's time has come - 2017 and beyond! - IQE "I feel the corner has turned here. Much more positive feel to the board, clowns leaving for pastures new." "We might even tempt the sweenoid back" -End- That was from a post of yours on 13-Feb, IQE share price 112p. A week or so later it had soared to 139p. Whether Sweeney read your plea at the time and swiftly reappeared I can't remember, but he did return AGAIN and was welcomed back with open arms. When he reads your, "I'm sure Sweenoid can be tempted back if we all ask him nicely", might work - go ahead and ask him nicely. I'll bet he's loving all this attention. LOL!
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14/9/2018
18:44		diplomat65: Sorry if already posted but just came across this Cannacord item dated yesterday on Hargreaves Lansdowne "IQE supported by Apple facial recognition, Canaccord sees more to comeThu 13 September 2018 13:47No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.(Sharecast News) - After Apple launched its new iPhone XS and XR range, there were positive implications for UK-listed semiconductor wafer maker IQE.All three of the latest iPhones have ditched the fingerprint sensor and will use facial recognition for security instead, which analysts at N+1Singer noted would mean IQE's Vertical Cavity Surface Emitting Lasers (VCSELs) are in all iPhones now, having been just in the top-of-the-range X model previously.However, Singer's noted that this was expected and makes up the basis for the much talked about ramp up in second-half volumes for IQE.Analysts at Canaccord maintained its forecast the iPhone contract implies IQE can do twice the revenues it did in the second half last year with its largest VCSEL customer.Canaccord's Paul Morland pointed out that IQE's share price has for some time now been almost exclusively focused on Apple and its supply chain, and the shares have fallen despite "perfectly respectable" interim results.Part of this is that other Apple supply chain stocks have generally been weak, with the market read-across hitting IQE."We believe this ignores the fact that today, in VCSELs at least, IQE has no peers. This will of course change, but our view is that it won't be this year and it may not be next year," Morland wrote. He said rival Finisar is "being overly optimistic" about its ability to produce 6-inch wafers and may even need to outsource them."I believe the market's obsession with the Apple supply chain is misplaced as far as IQE is concerned and at some point the stock's compelling fundamentals will re-assert themselves," the analyst said."IQE is now qualified with 24 VCSEL chip companies and we estimate that only three or four of these are, or will become, Apple suppliers. This leaves around 20 suppliers for the Android ecosystem and many other, potentially much larger, non-smartphone markets."With IQE having only addressed Apple, which has around 15% of the global smartphone market, next year the AIM-listed company "can start to address the other 85%".With IQE shares now on a P/E for 2019 below 20x, he reiterated his 'buy' recommendation and 190p target price.
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11/9/2018
14:46		regasclockwork: Well done IQE, it managed to break through that 89p barrier today which was 'achieved' way back on 05-02-2018. I think at that time, the fall, may have been a delayed reaction to the news that Schroders dumped 7m shares a week or so earlier. We now have a new floor of 87.60p from which to bounce off. On the other hand, VRS hit a new high of 184.80p this morning. Could the latter's success be due to management constantly updating punters with news. I think so, plus they have superg1 on their side who does a fabulous job sharing his in-depth research with his flock. We could do with someone like him on here. Now, how is 'our' IQE share price shaping up whilst I've been putting pen to paper? Let's see if we've broken yet another record. GLA! EDIT: From above - "We now have a new floor of 87.60p from which to bounce off. Make that, "We now have a new floor of 86.00p from which to bounce off - or fall through."
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10/9/2018
15:21		thecrunk: I did not say the board were to blame for the IQE share price going from 180p to 90p. I said I was frustrated with the board for certain of their actions and for pure neglected of certain key things. That neglect did not solely lead to the share price going from 180p to 90p. But that neglect contributed to it for sure.
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03/9/2018
09:51		hoverflyman: Richard here’s the text (you can register for free). I think the author underestimates the imminent ramp, and also the likely expanding Apple and other requirements. IQE: lumpy 'Apple' sauce at the pricey Cardiff chip shop 5 HOURS AGO By: Dan MC Crum IQE is the UK stock market's next great chip-making hope. It isn't a start-up, however. Drew Nelson, who still runs it, co-founded the Welsh semiconductor group 30 years ago. It also isn't by any stretch the next ARM, a chip-design group bought by Softbank for £24bn two years ago. IQE manufactures wafers (which, like the chips they are used to make sound edible but aren't) as part of a long and competitive supply chain for electronics, meaning it must always sink money into facilities, machinery, and research, to keep up. Instead, the company is best understood as an example of what a brush with Apple can have on the perception and valuation of a tiny company. The share price more than quadrupled last year on whispers it had become a supplier of parts for the newest iPhone: Even with some enthusiasm fading, the shares are still worth almost £800m, around thirty times what a handful of analysts expect the group to generate in earnings this year. In light of half-year results last week, that valuation looks mad. For instance, the company said sales to its largest customer in photonics were flat on the same period last year. IQE makes wafers used in photonic applications, in particular Vertical Cavity Surface Emitting Lasers (VCSELs), and the customer is generally understood to be Apple. Except it isn't. Apple is the ultimate end customer, but the direct client is Taiwan's Win Semi. The best guess of the supply chain appears to be that IQE sells wafers to Win, which manufactures on behalf of the “fabless”; Lumentum, a Nasdaq-listed US group. Above Win is AMS, the Austrian-headquartered semiconductor group, listed in Switzerland. Taiwan's Foxconn then assembles the iPhones in China. For ease, we'll refer to the extended chain as “Apple”. Last year, “Apple” paid IQE £23m, out of total revenues of £155m, according to the company's disclosure. IQE sales overall increased only £21m, with almost a third of that rise a benefit from currency movements. So the rest of IQE's non “Apple” business shrank. What this means is the transformation of IQE into a much-hyped growth stock, increasing its valuation by more than half a billion pounds, was entirely due to the arrival of “Apple”. Yet sales to “Apple” collapsed in the first six months of the year, to what they were in the first half of last year in constant currency terms. The progression over the last two years looks like this: The company said in its announcement of results the reason was inventory “from the very successful and aggressive first mass market ramp” was still hanging around in the supply chain. The interpretation of brokers -- IQE executives did not respond to several requests over three days to discuss the results -- is that “Apple” stocked up on parts for initial production of the iPhone X, and manufacturing was then paused this year. The extent to which it comes back is an important question. In July, Win Semi disappointed the market with surprisingly weak guidance for the third quarter, which analysts at CLSA called “a disaster”. The VCSEL business would decline in the third quarter, Win said, adding it would be very hard to grow revenues year-on-year in the second half of 2018. Here's CLSA, explaining what happened in an analyst note: The 3Q decline of RF and VCSEL is surprising given the typically seasonal ramp for new iPhone. WinSerni attributes the RF decline to customers' inventory pre-build in 2H17-7H78 when its capacity was super tight. For VCSEL, it is partly due to the prebuild in 1H18 as there are no significant spec changes, and partly due to the improving 3D sensing packaging/module yield. Our supply chain checks and calculation suggest there is as much as 40m equivalent 3D sensing module overbuilt, which means only another new 50m modules need to be produced in 2H18. Thus we do not expect a dramatic rebound in 4Q18 either. Even worse, what about the capex/capacity WinSemi has spent/expanded for Apple? The eternal problem for semiconductor companies is making a decent return on the capital they must sink into businesses which become rapidly commoditised. Revenues tend not to be a problem in a commodity business, as there are always buyers in the market, but the price and the profit prove beyond control. In VCSELs, Texan group Finisar recently cut the ribbon on a new factory. Pittsburgh-headquartered II-VI last year acquired a UK site to add to its capacity. IQE more than made up the drop in sales to “Apple” with new customers, but what's striking is that profitability was down across the board in the first half of the year, at a gross, operating and net margin basis, even as it reported substantial sales growth. To some, that might suggest a supplier to commodity markets with little pricing power, but IQE had a threefold explanation. One was currency, due to a stronger pound compared with the same period last year, which suggests a significant risk factor given the uncertain path of Brexit. Another excuse was the cost of switching some machines from photonics to wafer production, which seems odd given wireless sales were only 11 per cent higher than the same period in 2017. IQE also pointed to “foundry-pre production costs of £0.9m”. The question here is why aren't these capitalised, if they relate to future production? A possible answer might be that a company can only capitalise so much of its expenses, and IQE already undertakes substantial capital investment. Capitalised research and development expenses were £6.4m in the first half of this year, costs that would have pushed the company into losses were they taken through the income statement. Indeed, the story of IQE is of a company which doesn't produce free cash flow on any sort of regular or bountiful basis, ie has some left over after investments in machinery, facilities, research and those capitalised costs. It raised £95m of cash from a placing in November, leaving it with net cash of £41m at last count. Substantial investment plans look likely to consume that, and anything else the business produces: another £59m to £82m of capital investment is planned over the next 18 months. In the last year the business generated net cash from its operations of just £20m. It is of course possible a transformation of the business lies ahead. Maybe staggering growth in wafer sales will come without triggering a competitive response, and cash will peter our in from Cardiff. The long history of IQE suggests another lesson, however: Every long cycle brings a new set of investors to the story of the chip company which might, but doesn't.
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30/8/2018
16:00		bocase: hTtps://www.fool.co.uk/investing/2018/08/30/thinking-of-buying-the-iqe-and-xaar-share-prices-after-recent-falls-read-this-first/] The performance of the IQE share price has also been disappointing. It has fallen by 28% in the last year, with investors seemingly less interested in the company’s long-term growth prospects than they were in previous years. Of course, the company’s performance continues to be relatively strong. A recent update showed that IQE is making good progress with its overall strategy, and that it is delivering strong profit growth on an underlying basis. This is expected to lead to growth in earnings of 6% in the current year, followed by further growth of 32% next year. This puts the stock on a price-to-earnings growth (PEG) ratio of 0.7, which suggests that it offers a wide margin of safety following its recent stock price fall. Although there is the possibility of further declines in IQE’s valuation in the near term, the company’s long-term growth potential appears to be sound. Therefore, for investors who can live with heightened volatility and the realistic prospect of further paper losses in return for what seems to be a favourable risk/reward ratio, now could be the perfect time to buy the stock for the long term.
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07/8/2018
16:39		bocase: Nothing new.. but mention by Investomania today. hTtps://investomania.co.uk/2018/08/4-hot-growth-shares-rolls-royce-ocado-iqe-and-asos/ "IQE’s performance from a business perspective continue to improve in my opinion. Its financial position seems to have been boosted by its fundraising from last year, and this has provided it with the capacity to move ahead with mass-market growth opportunities. With the IQE share price having a PEG ratio of around 0.6, it seems to offer a margin of safety. Therefore, while investor sentiment towards the Footsie may be relatively uncertain at the moment, I think that there are growth opportunities on offer which could perform well in the long run."
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30/7/2018
17:53		regasclockwork: bocase's post on 28-July, from the Motley Fool by Royston Wild, "Is the IQE share price the bargain of the century?" came across as being very positive for IQE. However, today we have another article from 'The Fool', but by another 'author' - Roland Head. He is not so upbeat. Royston and Roland possibly share the same desk, but don't share the same opinions. Here we go: The IQE share price is falling. Should you be buying? Roland Head | Monday, 30th July, 2018 | More on: IQE KLR The share price of electronics firm IQE (LSE: IQE) has fallen by 45% from its 52-week high of 181p. Today I’m asking why the shares are falling, and if this is a buying opportunity for smart investors. A tech growth story Semiconductor wafer specialist IQE plans to double the number of reactors qualified for photonics in its Newport factory from five to 10 this year. The company plans to have built 20 “fully serviced reactor bays” by the middle of 2019, with more planned beyond that. Photonics (devices that emit or detect light, such as lasers) are the most rapidly growing part of the firm’s business. In its latest trading update, the company says that sales of these products rose by 30% during the first half, excluding exchange rate effects. Alongside this, the company’s more mature Wireless business continues to sell large volumes of compound semiconductor products, which are required for high-speed wireless services. IQE said last week that it expects to report half-year sales of £73m, up from £70m for the same period last year. However, this figure was affected by a 9.5% currency headwind. I estimate that sales at constant exchange rates would have risen by about 14% to £80m. On track for growth targets? Sales are expected to be 50% higher during the second half of the year than during H1. This puts the group on track to hit full-year forecasts of about £180m. The Cardiff-based firm says that the heavy second-half weighting is due to the time needed to replenish inventories of certain components after rapid photonics growth last year. I can see no reason to doubt this guidance, but in my view there’s always some risk of disappointment when sales growth is ‘lumpy’ in this way. Despite this year’s share price drop, IQE stock still trades on a 2018 forecast price/earnings ratio of 28. This drops to a forecast P/E of 19 for 2019. This looks high enough to me, so I wouldn’t buy the stock at this level. -End- 'A Tale of Two Titties'? I'll row in with Royston rather than Roland. Let's hope that this winning streak of 2 up days extends itself on Tuesday. GLA! EDIT: Royston says: "I reckon now could be a great time to buy into the stock as I feel investor appetite may be about to turn..." And Roland says: "This looks high enough to me, so I wouldn’t buy the stock at this level."
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29/7/2018
15:21		regasclockwork: ojh2kent29 Jul '18 - 14:51 - 19403 of 19403 0 1 0 "Motley fool have been saying things like that for the last year" -End- Yes oj, that headline, "Is the IQE share price the bargain of the century?" has been used by Motley Fool time and time again, but at least the content is fairly up to date. The last paragraph makes it sound exciting [my high case]: "Indeed, after IQE's predicted earnings rise of 6% in 2018, the business is expected to GET BACK to reporting RIPPING PROFITS GROWTH with a 36% advance next year. I believe the TECH MARVEL provides plenty of upside risk at current prices and it could prove to be a millionaire-maker in the years to come." -End- Still, if it helps boost the share price on Monday, I won't be complaining. GLA. EDIT: Also, the "...it could prove to be a millionaire-maker in the years to come." is also an old 'standard' of their's for IQE. Let's hope that it's not in too many 'years to come' as some of us may not be around to witness it.
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28/7/2018
13:57		bocase: Very positive article from Motley Fool. May help a little on Monday and sentiment is so important to help a break out to the upside. Is the IQE share price the bargain of the century? THE MOTLEY FOOL Jul 27th 2018 12:30PM Gold medal Excluding a short sharp price spike at the start of the year, the downward shock which struck IQE(LSE: IQE) at the back end of 2017 is showing no signs of letting go just yet. Market sentiment for the business first soured as short sellers piled in as a response to the AIM company's stratospheric price rise of recent years (up 672% in the three years to the close of last December). While this is not uncommon for shares whose market values have exploded, reports from sellers like Muddy Waters, which questioned IQE's accounting procedures, have kept the pressure on. As if this wasn't enough, appetite for the stock has been whacked by fears of steeply-declining sales to Apple. Such is the Cupertino company's dominance that even the faint whiff of falling demand from the world's most-loved tech manufacturer can break a supplier as quickly and easily as it can make one. IQE has fallen more than 25% in 2018 alone, closed below the 100p marker in June and is teetering around this level right now. However, I reckon now could be a great time to buy into the stock as I feel investor appetite may be about to turn... STRONG NUMBERS IQE released a positive set of trading numbers earlier this week when it announced that sales rose to £73m during January-July. It may be only a slight improvement from the revenues of £70m experienced a year earlier, however it wasn't all that bad when achieved against a currency headwind of 9.5%. What's more, and as Barclays Capital was quick to point out, the release showed "the second half ramp for 3D sensing components is strong after the weaker start to the year." Demand looks set to intensify again after the impact of the destocking of Apple's iPhone X parts during the early stages of 2018, with three new iPhones with 3D sensing capabilities set to ramp up during the remainder of the year. Like I said earlier, Apple's clout has a significant bearing upon the fortunes of those up and down the supply chain. Having said that, the latest release underlined the growing clout that IQE has with other tech mammoths across the globe. Sure, sales may have disappointed in the first half, but "a very significant increase in the number and extent of our engagements with VCSEL chip customers" in the period has taken the edge off, so to speak. The company is now engaged with 20 VCSEL chip manufacturers spanning Asia, North America and Europe, and capacity expansion at its Newport site in South Wales will give it the manufacturing clout to meet future demand. Right now IQE deals on a forward P/E ratio of 26.3 times, sailing above the widely-regarded value territory of 15 times or below. That said, I don't think the tech titan's valuation is that demanding given that the long-term earnings outlook remains extremely encouraging. Indeed, after IQE's predicted earnings rise of 6% in 2018, the business is expected to get back to reporting ripping profits growth with a 36% advance next year. I believe the tech marvel provides plenty of upside risk at current prices and it could prove to be a millionaire-maker in the years to come.
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IQE share price data is direct from the London Stock Exchange
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