Share Name Share Symbol Market Type Share ISIN Share Description
IQE LSE:IQE London Ordinary Share GB0009619924 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +3.60% 57.50p 57.00p 57.50p 57.75p 55.50p 55.50p 8,619,814 16:29:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 114.0 19.4 3.0 19.2 396.74

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DateSubject
23/4/2017
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 55.50p.
IQE has a 4 week average price of 51.25p and a 12 week average price of 37.50p.
The 1 year high share price is 67p while the 1 year low share price is currently 16p.
There are currently 689,990,739 shares in issue and the average daily traded volume is 10,583,321 shares. The market capitalisation of IQE is £396,744,674.93.
12/4/2017
13:45
gnnmartin: A black signet hatches on Oct 10 this year, when IQE directors need to repay approx. £2m to First Equity. One might expect the directors to sell some shares (they used the money they borrowed in the first place to buy shares). That would have spooked the market once, but probably not given the growing enthusiasm. On the other hand, according to TW the directors transferred a chunk of share to First Equity as security for the loan and First Equity immediately sold those shares, causing the share price to fall to about 14p. So if TW was right, First Equity are stuffed. Could be they will have to buy back a big chunk of shares in the market, which will push the share price up. Or could be that they have been buying in anticipation, and it is they who have been pushing the share price up. Or it could be that First Equity are going to fold and the directors get to keep the cash they borrowed but lose the shares they pledged. Or it could be that I don't know what I'm talking about.
25/3/2017
19:36
mirabeau: IQE Results May Be a Buying Opportunity as Shares Dip to Profit-Takers By Malcolm Stacey | Wednesday 22 March 2017 Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Hello Share Smackers. After a long - and for me nervous - wait, the full results for IQE (IQE) are in. And as I predicted on this terrific website, the shares fell on the announcement. Of course, this kind of mini setback often happens, even for the most promising of companies, and I kick myself that I did not sell up a few days earlier, so I could buy back more cheaply today. I console myself, that occasionally shares do rise like a rocket on reporting day. And sometimes a predator comes out of hiding at the same time with an attractive take-over bid in its pocket. Sadly, not this time. But looking at IQE’s results, there is little reason for the shares to fall, other than due to the get-rich-now tendencies of the profit-taking brigade. Operating profit, which I often find is the most telling statistic, is up by 17% on last time. That’s up to £22.1m. Revenues rose by 16% to £132m. And one is always happy to see profit beating revenue in percentage terms, if only - as in this case - by not very much. And earnings per share are improved by 15%. Judging by the drop in share price, the City expected more. But come on, these figures show some nice progress. I’m not the only one who thinks the share is now undervalued. Canaccord Genuity has looked at the figures and raised its target from 51p to 69p. Currently, the shares are below even 51p, so if the new target is realistic - and I think it might be - then there is a long way to rise. I won’t go into all that IQE does to further the great and growing communications world out there. It would take me forever - and I urge you instead to consult the company’s website. It has been doing it for 30 years and is now a world leader.
23/3/2017
07:21
rivaldo: Lots of detail here re Peel Hunt's upgrade: http ://www.proactiveinvestors.co.uk/companies/news/175206/iqe-s-track-record-of-growth-will-continue-peel-hunt-says-as-it-upgrades-stock-to-buy--175206.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-363653-Daily+newsletter "IQE's track record of growth will continue, Peel Hunt says as it upgrades stock to 'buy' 09:57 22 Mar 2017 Peel Hunt has upgraded IQE to 'buy' from ‘hold’ and raised the target price to 60p from 35p after the company impressed the broker with its annual results The stars are aligning for IQE plc (LON:IQE) after the semiconductor firm reported full year profit and revenue growth, Peel Hunt said in a note to investors today. The company yesterday reported a 16.4% increase in revenue for the year ended 31 December to £132.7mln, compared to £114.0mln the previous year, driven by growth in its photonics business. The group also achieved revenue gains in its wireless and infrared divisions. Adjusted pre-tax profit increased 17.4% to £20.6mln from £17.6mln. Peel Hunt upgraded the stock to ‘buy’ from ‘hold’ and raised the target price to 60p from 35p following the results. “The tripling of the share price in the last year is justified by a reversal of the revenue decline in wireless and a 30% like-for-like increase in photonics revenue,” Peel Hunt analyst Andrew Shepherd-Barron said. “We believe there is more to come from photonics, and with other big opportunities also making progress, several developments could be coming good in the next 1-2 years.” The photonics business accounted for 17% of group revenue. Wireless, which represented 72% of group revenue, reported a 4% increase in like-for-like revenue following two years of volume declines as 2G products reached end of life. Barron said the company’s 15% increase in adjusted fully diluted earnings per share (EPS) to 3.0p was ahead of expectations. Subsequently Peel Hunt has upgraded its EPS estimate for fiscal year 2017 to 3.1p from 2.9p and hiked its forecast for 2018 EPS to 3.4p from 3.2p. The broker said IQE’s track record of growth will continue into the future. “IQE has now proven that its market leadership translates into profitable growth, with EBIT margins of 30% in Photonics and 20% in Infra Red, and there is no reason to think that if revenue takes off as we hope, it will not be sustained."
22/3/2017
11:38
bestace: The fact that some people on here were disappointed with the results even though they exceeded broker forecasts says it all - expectations got too far ahead of reality, hence the sell off. I agree with most of toptrump1's post; in particular wireless seems to have surpassed even management's expectations given they had previously flagged mid single digit growth. However I disagree on a few points: Firstly on photonics growth. I'm not sure where £27m expectations for photonics came from, but if genuine it underlines the point about expectations being way too high. All the company told us in December was "Photonics continues to be the fastest growing business segment, enjoying strong double digit growth year on year." In the interims they also used the phrase "strong double digit growth" where photonics had grown by 45% in H1. A reasonable inference would have been to apply the same 45% figure to the H2 2015 figures to get a forecast H2 2016 of £12.5m, giving FY16 revenue of £23.2m. As it turns out that wasn't very far away from the actual H2 of £12.1m and FY16 of £22.8m. Maybe that's post hoc rationalisation, but to get to £27m would have required an increase of 69% YoY which may literally be consistent with "double digit growth", but would have required an acceleration in H2 to £16.3m, some 89% higher than H2 2015. Growth accelerating to that degree would surely have been described differently in the December trading update. Secondly on broker's forecasts. 12 months ago I reckon the brokers had 2.5p EPS pencilled in, not 3p. Prior to the December trading update they had 2.7p, which increased further to 2.9p post trading update. That's an increase of 16% over the last 12 months, still much less than the increase in share price over the same period, but then again their peers and the wider markets were re-rating upwards so to an extent it is understandable why the share price would appreciate by more than the fundamentals might have implied. Looking at those broker forecasts, and reading through the Edison notes, I think they were far more grounded in reality than some private investors. Edison said in September, when the price was 28p: "IQE’s rating still remains undemanding on a fundamental basis and relative to its peers, giving scope for further share price appreciation", then in November "Our indicative valuation range of 40-45p puts IQE on multiples that are close to the mean of our sample of listed peers", then in December "Our indicative valuation range of 45-49p... places IQE on multiples that are close to the mean of our sample." Now they are saying "... the shares look fairly priced at current levels. However, given the potential for upward earnings revisions based on commercial ramp-up of photonics projects, this higher than average rating does not seem totally unreasonable to us. We see the scope for upward price movement if greater clarity regarding the rate of volume ramp-up of photonics programmes results in estimate upgrades." That seems reasonable to me - mid to longer term price appreciation if the chips fall their way, but no reason to spike higher in the short term.
21/3/2017
23:59
rivaldo: This columnist believes "there could be a lot more to come" from IQE - and I agree: Http://www.fool.co.uk/investing/2017/03/21/is-iqe-plc-a-falling-knife-to-catch-after-dropping-15-today/ "A good year’s trading Headline figures include revenue growth of 16.4% compared with the previous year, adjusted diluted earnings per share increasing 15.4%, and cash from operations up 7.1%. Gross borrowings rose around 60% to stand at just over twice the level of operating profits, which looks manageable. The big question after such a stellar performance is — is there more growth to come? Chief executive Dr Drew Nelson sounds optimistic, putting the firm’s growth in revenues, profit and cash generation down to the company’s “cutting edge intellectual property”, which, he says, is delivering results through a “diverse range of growth engines.” IQE has its sights set on what it describes as “global leadership across a range of markets”, arguing that advanced semiconductor materials, such as those IQE produces, are becoming an ever more important enabler of many electronics applications. Dr Nelson reckons the firm’s strategy, underpins this year’s strong financial performance and he sees an ”exciting” outlook for the business. I can’t argue with the company’s operational and share price momentum, and wouldn’t want to bet against either. City analysts following the firm expect earnings to tick up a further 5% this year and 12% during 2018. meanwhile, at today’s share price around 51p, the forward price-to-earnings (P/E) rating for 2018 sits at just over 15. The company does not pay a dividend."
28/2/2017
12:39
rivaldo: SLX (quoted in Oz) issued an operational update yesterday about cREO technology "being advanced by IQE towards commercial deployment in several advanced semiconductor markets", including this: Http://www.silex.com.au/getattachment/61bc3c50-048c-4bed-bccf-7372f78019e8/SLX-Operational-Update-270217-(Final).pdf.aspx?ext=.pdf.ToString().Replace(%22~%22,%22%22) "2) Translucent – cREO™ Technology Silex subsidiary Translucent Inc developed a novel set of semiconductor materials known as ‘Rare Earth Oxides’ (cREOTM) for application to the manufacturing of next generation devices in the semiconductor, digital communications and power electronics industries. An exclusive License and Assignment Agreement was signed with UK-based IQE Plc (LON:IQE) on 15 September 2015. IQE is the global leader in the design and manufacture of advanced semiconductor wafer products. A license payment of ~US$1.4 million was paid to Translucent in IQE shares in March 2016, which with the increase in IQE’s share price since, are now worth ~US$3 million. The cREOTM technology was transferred in late 2015 to IQE’s Greensboro, North Carolina manufacturing facility for the completion of product development and commercialisation activities during a 30-month option period ending in March 2018. Should IQE elect to exercise the right to purchase the technology within this period, payment of US$5 million will be made. The potential commercial applications that IQE have identified for the technology may result in an attractive perpetual royalty stream of between 3% and 6% of revenues generated by IQE from use of the cREO™ technology. IQE continue to produce cREO™ templates on silicon wafers for testing in various commercial applications using two of Translucent’s production reactors. These production reactors continue to produce prototype templates for trialling within the IQE Group and select commercial partners, with initial focus on wireless communications devices and power electronics devices." There's a more detailed presentation here: Http://www.silex.com.au/getattachment/506c0204-8c09-4cf5-8ef3-34ebb8e44aad/SLX-Operational-Update-Presentation-270217-(final).pdf.aspx?ext=.pdf See slides 23-29 for the main info, particularly slide 26 illustrating cREO's uses in mobile phones, electrical appliances, lighting, solar, electric vehicles etc.
09/2/2017
21:54
tomyumgoong: Not sure I want to share this story but hey ho I'm not proud:.....I invested in ARM sometime in 2009 @ approx 90p( for the same reason I invested in IQE, they were involved in the next generation of computing....tablets and smartphones. I was a bit nieve back then). The share price rose to £4 and chatter on the bulletin boards said the PE was too high and the share price was overvalued.......I got nervous and sold out only to watch the share price rise within a few years to £11+ then eventually a buyout at £16 approx.... was I gutted?...too right I was, even though I made a tidy profit. So I suppose the moral of the story is we just don't know what will happen to the share price ...if your lucks in, your lucks in! Ps. I wanted to sell out of IQE a while ago but I kept researching and through my research I just couldn't bring myself to sell out! This is like finding Intel 40 years ago IMO. Silicon is at the end of its lifespan....compound semiconductors will enable a new wave of computers and electronics and this is just the beginning!
07/2/2017
08:58
yump: I love that when companies that have messed up or got over-hyped (that's polite) change their names. So presumably Blinkx are now a music publisher ? (Sorry, instead of over-hyped I should have said "failed to change the entire world, as promised") Anyway the IQE share price is being managed by the Grand Old Duke of York by the look of it.
06/1/2017
08:02
yump: sweetnoid Why are you quoting repeat major annual contract wins ? Amongst all your detailed knowledge, how did you miss the fact that when Kopin was taken over, the major ongoing contract with Skyworks was part of it ? Put it another way: without the renewal, the IQE share price would be up the Khyber. So its not exactly 'nice' to get another announcement - its critical. This was actually discussed twice when the Skyworks contract was up for renewal as it formed a major part of IQE revenue after Kopin Wireless and with the share price going nowhere, there were worries that the contract had not been renewed.
23/10/2015
17:10
yump: I'm curious as to why IQE share price is so active. I don't mean the major ups and downs, I mean the constant 10% oscillations. Other companies of the same size often seem relatively stable. They'll sit roughly at the same level for months without the ADHD stuff.
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