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IQE Iqe Plc

34.70
1.45 (4.36%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Iqe Plc LSE:IQE London Ordinary Share GB0009619924 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.45 4.36% 34.70 2,479,730 16:35:04
Bid Price Offer Price High Price Low Price Open Price
34.85 35.20 35.70 33.60 33.95
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 115.3M -29.4M -0.0306 -11.45 319.81M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:04 UT 140,512 34.70 GBX

Iqe (IQE) Latest News

Iqe (IQE) Discussions and Chat

Iqe Forums and Chat

Date Time Title Posts
06/7/202408:41New CEO, new hope, new start for IQE in 20224,730
26/6/202412:13IQE's time has come - 2017 and beyond!36,725
04/1/202311:05IQE - THE ONLY WAY IS UP!!.64
17/10/202207:50IQE - Time to get back in after results?27
31/5/202211:20IQE - TURNED A CORNER, SET TO RISE29,628

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Posted at 07/7/2024 09:20 by Iqe Daily Update
Iqe Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker IQE. The last closing price for Iqe was 33.25p.
Iqe currently has 961,841,702 shares in issue. The market capitalisation of Iqe is £337,125,517.
Iqe has a price to earnings ratio (PE ratio) of -11.45.
This morning IQE shares opened at 33.95p
Posted at 27/6/2024 08:35 by crosswires
Neil100

I understand where you’re coming from but the bottom line is nobody on here should pin their hopes or investment on any one poster. We’re all adults and when we’re investing our own money should understand what we’re doing even if the reality for some is “i’m taking a punt because it’s a semi conductor company in the UK and that sector is hot right?”

Sweenoid has no more idea than any of us if IQE will prosper and he has been as wrong as any of us since the peak year of 2016/17. I don’t mean this as a personal slight, it’s just a fact, we have all been wrong.

The sector points to lots of opportunity for IQE to take advantage of however as IQE have a track record of “not making hay” when the sun shines it is far from guaranteed. The reason the share price is 30p is that most investors do not see anything has changed since the last disappointment.

Can Americo with his fantastic industry contacts and understanding turn IQE into a company that shows multi year strong revenue and profit growth? It remains to be seen, place your money but don’t do it due to the enthusiasm of any one poster, especially when they have nothing concrete as evidence to support this.

The signs do appear better than at anytime since 2016 due to what Americo so often refers to as “Mega trends”. GaN and the sheer predicted rise in Compound Semi requirements but again as IQE have been operating on margins that haven’t allowed for profits in the past few years this doesn’t on its own add up to profit coming, or how he can conjure up his 30% profit margin target. There is also hope in Micro LED but I am fairly sure that will be the latter part of this decade before it becomes a very big market.

My advice for anyone who isn’t already invested is to wait to see if there is a July TU or failing that listen to Sept earnings for signs that any of this potential is translating back into current or coming earnings, because I suspect it there isn’t any good news and it’s just another vanilla update there will probably be a better entry point than here.

I remain fully invested but I do accept that IQE is risky and so it could drop 30-40% with the wrong news but could triple with the right news flow. If I wanted to be less risky I’d buy Unilever and Tesco with a dashing of BT etc but that’s not me.

To each their own…
Posted at 17/6/2024 13:38 by sweenoid
FWIW these are the questions I am sending IQE to be answered at the IQE AGM next week.
Like last year I am finding it impossible to get my unique shareholder reference number from Barclays so will watch tge recorded version but i hope ( and expect) they answer my queries.


1 Please can you tell investors whether IQE will hold another CMD this year? The October 2022 CMD was very informative, I think it should be repeated

2 At the Q&A of the earnings report webcast and in answer to the 2nd question from Deutche Numis about IQE’s relationship with AWSC you talked about the diversification strategy relating to customer base and product mix you talked about the success of the partnership with AWSC and the LANSUS ANNOUNCEMENT but you also stated and I quote “There are MANY MORE partnerships in the pipeline” CAN YOU PLEASE EXPAND ON THAT LAST COMMENT and confirm that further as yet unannounced partnerships are still in the pipeline or are signed but not announced?

3 Can you please state the TAM and SAM for the GAN power and Microleds markets that IQE is targeting

4 investors are confused that the CEO continues to state that 5/6G, AI and ML are dependent on compound semiconductors, however we are seeing few announcements that would indicate revenues are increasing, how do you square the circle?

5 what is the biggest opportunity for IQE- is it GANon silicon or GAN on silicon carbide

6 Is IQE still in a working relationship with Bluglass?

7 Given that IQE has to pay Silex (Translucent) $400k every year ( and royalty payments if any are ever generated) relating to the ‘shelved’; cREO technology it was developing in March 2022, has IQE plans to use this technology and license in the future or will it be a perpetual drain on resources?

“IQE says it will retain the technology, capability and IP enabling redeployment if and when appropriate.”

Is it now appropriate if not, will it ever be?



8 Whilst being very supportive of the incentivising senior management and staff can you please explain why the terms of the 2024 LTIP had not been decided by the time that the annual report was published in May? Surely the ‘targets’; to be met in 2024 should be set out early in the year? My concerns are surely obvious without stating them.

S
Posted at 15/6/2024 09:25 by lord loads of lolly
We don’t know whether IQE can capitalise yet.

And in light of its previous false dawns, investors are no longer prepared to give the company the benefit of the doubt. Hence the current retreating share price on the back of no game-changing news.

When the share re-rated after April’s results & lacklustre outlook statement, I expressed surprise & doubted the rise would be sustainable. That now appears to be the case - at least until we get the Interims in September.

My hunch is that within the next year the share price will be materially higher than now. But equally, over the next 3 months, I fully expect it to drift down. The low 20p area wouldn’t surprise me at all.
Posted at 13/6/2024 08:06 by sweenoid
I thought IQE’s collaboration with Australian company Bluglass had ended when IQE shelved its development of cREO (( although still paying a perpetual annual license fee of $400k to Translucent)

I may have been wrong? Who knows? Bluglass are certainly making progress in GAN technology which is where it all seems to be for us

Anyhow what got me wondering was this ( round table also features IQE customer Macom)

BluGlass and ShareCafe present an expert roundtable on the role of gallium nitride semiconductors in transforming global technology capabilities
Panellists include industry experts from global semiconductor leaders UCSB, MACOM Technology Solutions (NASDAQ: MTSI), IQE (LSE:IQE), and BluGlass
BluGlass Limited (ASX: BLG) and ShareCafe will host an expert roundtable on the role of gallium nitride (GaN) semiconductors in unlocking next-generation applications in quantum, defence, aviation, robotics, autonomous vehicles, and artificial intelligence systems.

The GaN Revolution: powering the technologies of tomorrow is being held virtually on Wednesday, 19 June 2024 at 10:00am AEST.

The panel will feature GaN experts include:

Professor Steven DenBaars, Professor of Materials and Co-Director of the Solid-State Lighting Center at University of California Santa Barbara (UCSB)
Dr Michael Schuett, Director Business Development at global high-performance semiconductor leader MACOM Technology Solutions
Dr Hugues Marchand, VP Epitaxial Technology at IQE, a leading supplier of advanced wafer products and material solutions
Dr Steven Duvall, independent semiconductor professional
and Dr Josh Brown, Head of Epitaxy at BluGlass

S
Posted at 03/6/2024 16:45 by lord loads of lolly
Only three possible conclusions to draw from this morning's 6,000,000 share trade.

Either: it was a sell (as the share price traded lower for most of the day & finished down)

Or: a £2m trade has relatively little share price impact on a company capitalised at £311m

Or: both of the above

Total share volume traded today = 12.17m.
Posted at 26/5/2024 10:52 by myshareinfo
Sweenoid I was thinking about the case where IQE maintained that they are the majority / primary sourcing partner for VCSEL wafers for apple even after coherent started competing with us. IQE always maintained the status that their share of VCSEL wafer to apple is always retained.

Also from the article I mentioned, it is clear coherent revenues went up from 15m to 105m when they started shipping wafers to apple(after apple injected 450m approx into coherent). This is a massive improvement of the revenues (Also its not clear if is compounded revenue or 2023 revenues alone).

This makes me wonder, IQE being a primary sourcing partner for VCSEL wafers for apple, the revenues should improve proportionally. Also the original growth estimate from IQE regarding the VCSEL's is approx 65% YOY I believe. But we don't see that kind of growth.

What the question is how does IQE, the primary partner of VCSEL wafers for apple has less revenues compared to the secondary partner coherent and yet retain the majority VCSEL provider share for apple?

Hope it made sense. If not leave it as I mind started wandering thinking how does coherent exit contribute to the IQE. thanks
Posted at 22/5/2024 21:26 by sweenoid
Confucius say “If you bet against NVidea it’s likely you will become a cropper. “😂,

tonight’s amazing results and outlook bode well for the technology sector and for IQE demand is “off the rails in the data Centers”

Nvidia is the new Apple , whereas Apple with Jobs and Ive dominated technological innovation they are now led by a ‘supply side’ guy -period 🤨. It seems it’s now all about the GPU rather than the CPU and NVidea is driving forward a tsunami of innovation and products no one else can match ( for now). AI has enabled NVidea to reinvent itself

The exciting aspect for IQE is that our CEO says AI is not possible without compound semiconductors so there will be a payback for sure. Of course the most dynamic part of Nvidia business is in the data centre where AI is driving up the demand for Nvidea’s chips by hyperscalers like Google/amazon/ Microsoft .

IQE made this announcement regarding its new offering to enable these hyperscalers to respond to demands of AI, machine learning and cloud computing demand a few months ago so you can see how we could benefit big time



When I met Americo Lemos a few months ago he spontaneously talked about NVidea and their CEO and how a new technology innovation (AI) had revitalised the company and its share price It was almost as if he was saying it would/ could happen to IQE . Wouldn’t it be amazing if IQE worked its way into Nvidea’s supply chain (almost exclusively OUTSORCED) and the hyperscaler data centres via our OEM’s and partners.

Just saying
S
Posted at 09/5/2024 08:05 by longtallsally
The only thing we can be certain of is that rhetoric will not shift the IQE share price.
Posted at 07/5/2024 16:17 by crosswires
Whilst i’m happy for GF i’d rather see us up another 8% 😉

However I am generally pleased with the consolidation that IQE share price has shown post earnings, although I suspect the markets are close to short term highs so don’t expect the share price to get much above low 30s until we get specific revenue news (perhaps in a July TU).
Posted at 01/5/2024 08:42 by longtallsally
Skyworks earnings small beat and revenue in line last night, stock down around 10% in after hours trading.

Mobile inventory build up still, which they predict to last through June. Softness in wireless infrastructure, automotive and data centre.

Generally nothing to help us short term there, but that is often the case! IQE short to mid term share price will depend on getting some new customer “wins”, most likely in the GaN space as the micro LED demand is not imminent post the Apple cancellation.

Fortunately I don’t think IQE will struggle to hit their middle of the analyst range so that should help support the share price over the remainder of the year.
Iqe share price data is direct from the London Stock Exchange

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