IQE (IQE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

21.00p
   
  • Change Today:
    -0.60p
  • 52 Week High: 27.50
  • 52 Week Low: 13.64
  • Currency: UK Pounds
  • Shares Issued: 961.55m
  • Volume: 2,521,868
  • Market Cap: £201.93m
  • RiskGrade: 201

Deutsche Bank lowers target price on IQE

By Iain Gilbert

Date: Friday 26 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank lowered their target price on semiconductor manufacturer IQE from 60.0p to 50.0p on Friday following the group's "disappointing" fourth-quarter trading update.
Deutsche Bank stated IQE's update on Thursday contained some disappointing guidance as far as near-term trading was concerned, with the company's full-year sales expectations taking "a big hit" in the fourth quarter, reducing to £152.0m from £166.0m.

While the German bank acknowledged that foreign exchange headwinds and China 5G were again flagged as issues, the main incremental weakness since September came from the smartphone market, where IQE had seen softness late in the year in both smartphone PAs and in VCSEL from Skyworks and Lumentum - major suppliers to Apple.

"The immediate thought that comes to mind given that Apple is constrained presently with reasonable sell-through is that this is a function of customer over-build in prior quarters and ongoing supply constraints elsewhere," said DB, which did reiterate its 'buy' rating on the stock.

Notably, DB pointed out that IQE seems to believe that share shifts or content were not to blame for its Q4 performance, but that there was "softening demand throughout the smartphone supply chain".

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IQE Market Data

Currency UK Pounds
Share Price 21.00p
Change Today -0.60p
% Change -2.78 %
52 Week High 27.50
52 Week Low 13.64
Volume 2,521,868
Shares Issued 961.55m
Market Cap £201.93m
RiskGrade 201

IQE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.92% above the market average9.92% above the market average9.92% above the market average9.92% above the market average9.92% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Price Trend
14.51% below the market average14.51% below the market average14.51% below the market average14.51% below the market average14.51% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income Not Available
Growth
28.42% below the market average28.42% below the market average28.42% below the market average28.42% below the market average28.42% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IQE Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:39 300,000 @ 21.00p
16:37 48,201 @ 21.00p
16:35 229,114 @ 21.00p
16:35 175 @ 21.00p
16:35 1,624 @ 21.00p

IQE Key Personnel

CEO Americo Lemos
CFO Jutta Meier

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