IQE first half growth driven by wireless growth
20th Jul 2015 12:07
(ShareCast News) - Semiconductor wafer maker IQE said 2% revenue growth in the first half of the year was driven by strong revenue growth in its wireless market. Revenues rose 2% to £53.2m and adjusted operating profit increased 5% to £6.7m, while the AIM-listed group managed to reduce its borrowing
Read moreIQE forms JV with Cardiff University
9th Jul 2015 10:32
Shares in semiconductor supplier IQE were up following news the company would form a joint venture with Cardiff University. At 1011 BST on Thursday shares in IQE had lifted by 2.33% to 22p. Under the arrangement, IQE would contribute equipment with a market value of £12m, to be matched by a £12m ca
Read moreIQE shares leap after firm says it's on track to meet FY targets
20th Jan 2015 16:24
Good trading performances in the second half of 2014 have placed semiconductor materials manufacturer IQE on track to meet market expectations for the full year. The group said it expects revenue for the year ended 31 December to be around £112m, with second half revenue amounting to £60m. Earnings
Read moreIQE renews $50m epiwafer contract for wireless customer
19th Jan 2015 12:22
IQE, a supplier of advanced semiconductor wafers, on Monday renewed a long-term supply contract worth $50m with an unnamed customer. The new contract is to supply wafer products used in wireless applications and guarantees 75% of its customer's demand. It will cover the supply of epiwafer products
Read moreIQE directors go bargain hunting as wireless hits three-year low
14th Oct 2014 16:16
Shares in Welsh semiconductor company IQE have surged on the back of some bullish director dealings by the company's senior executives. Chief executive Drew Nelson, chief financial officer Phil Rasmussen and chief operating officer Howard Williams shelled out a combined £420,000 at 12.75p. The shar
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreFirst half revenue falls 17% at IQE
22nd Jul 2014 11:33
Semiconductor wafer products and services supplier IQE fell sharply after first half revenue declined 17%, hit by the strength of sterling and wireless destocking. However, the group is still on track to meet its full-year expectations after a combination of efficiency gains, economies of scale an
Read moreIQE signs multi-year optical communications deal
25th Jun 2014 09:34
Semiconductor wafer products supplier IQE has entered into a multi-year manufacturing agreement that is expected to be worth more than £1m a year. Under the agreement, which was signed with an existing, unnamed customer, AIM-listed IQE will supply epitaxial wafers for use in optical communications
Read moreIQE joins consortium to develop European laser industry
13th May 2014 14:03
Semiconductor wafer products group IQE has joined a new consortium aimed at establishing a pan-European supply chain to improve vertical cavity surface emitting lasers (VCSELs) manufacturing. IQE said that VCSELs are key enabling technologies for a wide range of applications where "demand is prolif
Read moreIQE receives first one million dollar order for InSb substrates
16th Apr 2014 13:02
Maker of semiconductor wafers IQE has received its first one million dollar purchase order agreement to deliver volume quantities of its InSb substrates to an industry leader and long-term customer. The order, one of the largest of its kind received to date, will be delivered by its US substrate di
Read moreSector movers: Tech rout continues after Nasdaq sell-off
11th Apr 2014 15:24
Technology hardware and equipment stocks bore the brunt of the sell-off on UK equity markets on Friday, following the trend seen on Wall Street after heavy falls on the Nasdaq Composite the previous session. The tech-heavy Nasdaq fell 3.1% on Thursday, its sharpest single-day percentage loss since
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreSector movers: Imagination, ARM weigh on tech stocks
23rd Jan 2014 15:28
Steep falls from microprocessor heavyweights Imaginations Technologies and ARM Holdings sent the UK technology sector lower on Thursday. Imagination was down 5.6% at 193.7p before the close of trade, as the stock pulled back after an impressive 25% run over the last month. Nevertheless, including
Read moreIQE expects full-year revenues to rise on strong sales growth
21st Jan 2014 16:08
IQE, supplier of wafer products and services to the semiconductor industry, expects 2013 full-year revenue to rise 43 per cent to a record 126m on the back of sales growth. Earnings before interest, tax, depreciation and amortisation (EBITDA) is anticipated to jump to £24.5m in the year ended Decem
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
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