Wednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreIQE wins three-year Philips laser deal
24th Oct 2013 14:26
AIM-listed semiconductor maker IQE has been contracted by Dutch electronics giant Philips in a three-year deal to supply epitaxial wafers that will be used to make solid state lasers. IQE, which has begun to diversify from its strength in wireless technology, said the contract adds significantly t
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreIQE says its CPV materials achieve major milestone
8th Aug 2013 15:42
IQE said its concentrated photovoltaic (CPV) semiconductor wafers had been qualified for high-volume manufacturing by its strategic partner Solar Junction. The Cardiff-based semiconductor materials maker said: "This qualification is a major milestone which has required extensive validation of IQE'
Read moreSector movers: ARM lifts tech sector higher after two US deals
22nd Jul 2013 15:25
Chip designer ARM Holdings was providing a lift to the technology sector on Monday after a pair of new deals, as stocks rebounded following some heavy falls the session before. Sentiment across the global technology industry was hit on Friday by disappointing quarterly results from Wall Street heav
Read moreSpectris director buys 3,000 shares
25th Apr 2013 16:23
Martha Wyrsch, a Non-Executive Director of Spectris, the FTSE 250 instrumentation and controls company, has purchased her first set of shares in the company. Wyrsch, who took up the role in June last year, acquired 3,000 shares at 2,029.00p each for a total value of £60,870. The transaction was m
Read moreBroker tips: ENRC, Spirent, IQE
8th Apr 2013 10:53
The share price of diversified miner Eurasian Natural Resources Corporation (ENRC) was sharply higher on Monday morning after US broker Citigroup lifted its rating for the stock from 'sell' to 'neutral'. With the shares now down 37% (at Friday's close) from their February peak of 398p, Citigroup sa
Read moreBroker snap: IQE 'due a bounce', says Investec
8th Apr 2013 10:48
AIM-listed tech group IQE was performing well on Monday morning after Investec upgraded the stock from 'sell' to 'hold', saying that the advanced semiconductor firm is 'due a bounce'. "With IQE shares having underperformed over the weeks since the FY12 results, we see current levels as offering fai
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreIQE reports higher annual revenue
20th Mar 2013 09:33
IQE plc, the supplier of wafer products to the semiconductor industry, reported a 17 per cent rise in annual revenue on Wednesday. The company posted revenue of £88m, up from £75.3m the previous year, boosted by major transactions with Solar Junction Corporation, RF Micro Devices epitaxy division a
Read moreSector movers: Chip designers ARM and Imagination lift tech sector higher
15th Mar 2013 14:54
Strong gains for fellow chip designers ARM Holdings and Imagination Technologies were lifting the technology hardware and equipment sector to the top of the pile on Friday. ARM was given a boost by Jefferies after the broker upgraded the stock from 'hold' to 'buy' and raised its target price from 8
Read moreIQE announces partnership with OneChip Photonics
14th Mar 2013 10:26
IQE, supplier of technology to the semiconductor industry, announced Thursday a new partnership with Canada's OneChip Photonics. The company's services will be used by OneChip to produce InP based photonic integrated circuits (PIC) for the data centre interconnect and passive optical network marke
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreIQE shares soar on Kopin Corporation acquisition
10th Jan 2013 15:55
UK semiconductor materials maker IQE gained on news it had agreed to buy a unit of Kopin Corporation to enhance its product line in wireless. Shares soared 19.66% to 35.00p after the company said it would acquire compound semiconductor epiwafer manufacturing business Kopin Wireless for $75m. Kopi
Read moreIQE in 'advanced discussions' over potential acquisition
8th Jan 2013 13:14
IQE, which supplies semiconductor wafer products and services, has confirmed speculation that it is in 'advanced discussions regarding a potential significant acquisition'. The board said it is evaluating potential financing options, which include debt finance and equity finance, but stressed the p
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