ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

IQE Iqe Plc

21.25
-0.35 (-1.62%)
Last Updated: 08:11:19
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
  -0.35 -1.62% 21.25 42,163 08:11:19
Bid Price Offer Price High Price Low Price Open Price
21.10 21.35 21.60 21.25 21.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 167.49M -74.54M -0.0775 -2.79 207.68M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:11:19 O 1,028 21.35 GBX

Iqe (IQE) Latest News

Iqe (IQE) Discussions and Chat

Iqe Forums and Chat

Date Time Title Posts
28/3/202407:07New CEO, new hope, new start for IQE in 20224,132
01/2/202413:14IQE's time has come - 2017 and beyond!36,723
04/1/202311:05IQE - THE ONLY WAY IS UP!!.64
17/10/202206:50IQE - Time to get back in after results?27
31/5/202210:20IQE - TURNED A CORNER, SET TO RISE29,628

Add a New Thread

Iqe (IQE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:11:1921.351,028219.48O
08:11:1921.55112.37O
08:11:1921.252,009426.91AT
08:11:1921.2518,7523,984.80AT
08:07:5521.252,800595.00AT

Iqe (IQE) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 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 21.60p.
Iqe currently has 961,504,577 shares in issue. The market capitalisation of Iqe is £207,684,989.
Iqe has a price to earnings ratio (PE ratio) of -2.79.
This morning IQE shares opened at 21.60p
Posted at 26/3/2024 08:56 by crosswires
Long tall Sally, the new Mrs Maisel 🤣

Good to have a laugh with the current state of IQE share price If anyone hasn’t watched Mrs Maisel on Amazon, tune in, it’s a great show!
Posted at 21/3/2024 00:16 by guildedge
This appears to be to shift production away from China. Not sure what IQE have business wise with Intel. One of IQE recent hires was from Intel.

IQE progress on GAN last year.

May 2023

Of course Intel is 300mm


No one has ever suggested Intel is one of IQE's customers. Silicon and GAN do go hand in hand these days. Doubt Intel will do this overnight. Factories still to be built. I think IQE would announce a major contract as I can't see Intel doing small orders.

As for the monies I doubt IQE would see a penny as it's for the new factories and Intel planning 100bn investment anyway. So small beers for Intel. If Intel wanted IQE tech they would of bought them out cheaply. 200m to Intel is nothing.

In terms of announcements this month think TU is best we can expect.
Posted at 02/3/2024 15:43 by guildedge
The key thing here is taking events relative to IQE current situation. From reading other posts Micro LED was not a major part of the 3x revenue. Maybe in future years as costs fall. When that does happen IQE will be in the market already. It's possible IQE's 2 small partners here may still use the tech. Have to see where the market goes.

IQE is currently 22p. Even a shift of 75-100m here will certainly double to triple the share price here. IQE was targeting 70p for director bonuses to kick in. Let's see what boost GAN can bring from the US this year. IQE is diversifying so hopefully some or all of the markets will come good.
Posted at 24/2/2024 20:54 by guildedge
I thought IQE had agreements with customers to help them buy tools. When the big orders start to come in and the share price rises you would expect them to be able to raise capital at much higher prices. Hopefully closer to £0.7-£1+.

At present the market is valuing the share price at what IQE said it was worth. 24p. I doubt Cannacord and others will want to get burned here. If they meet targets this year I would expect the price to rise back closer to 30p. If big new orders come in the same will be true. At present all they have talked about is GAN. Even at 146m they would be losing 10M or so. So it makes valuation harder. Could be 2 years away from making a profit here. 185-190m revenue required for that.

See if I get proved wrong about the TU in March.
Posted at 11/2/2024 11:05 by crosswires
Alotto you do say some odd things.

If you have enough money to easily last you your days, investing to some becomes pointless, and why put a very comfortable position at risk, it matches my ethos also. If IQE reach £1, I too would likely sell and cease investing.

Sweenoid, good post, agree re point 2 wholeheartedly and of course point 4 is critical. If the March update continues the positive vein of the last one I imagine we will crack 30p, if any negativity we will back to high teens, low 20s.

I agree IQE share price is not tied to the wider Nasdaq perf, which is due a pullback but our LT goals are all about regaining revenue and widening margins.
Posted at 11/2/2024 09:58 by sweenoid
I aways get nervous when posters start bigging up the share price 🤨

I am of course optimistic about the medium- long term trajectory but I take a more sanguine view short term. I will be relieved when we break the 26p resistance point established after last March’s debacle ( trading statement), not aided by the offer of 20p in May. We need to maintain an share price above 26p for at least a week or so to maintain any momentum.
As for the US indices, I see us approaching ( if we are not there already) a bubble with all its potential consequences. However in the past IQE’s share price has run counter- trend to the Nasdaq so that’s comforting.

Please, no more talk of ARM- it’s absolutely of zero relevance to IQE.

there are 4 absolute drivers ( imho) for a continuing uptrend in the share price other than it’s present momentum.

1 customer announcements especially if a major company can actually be named ( unlikely), as pointed out in Provanars excellent post Infineon would really be a gold star ( among others)

2 the new CFO buying shares. Tim Pullen didn’t buy a single share in his tenure, on appointment Jutta Meier, Chief Financial Officer of IQE, commented:
"I am thrilled to be joining IQE as Chief Financial Officer. IQE is at the forefront of the global compound semiconductor industry and I am very excited by the market opportunities and the growth potential of the business. I look forward to working with Americo and the team to deliver our ambitious goals."

So if her rhetoric and commitment to IQE is genuine and I have no doubt it is then I think it’s important that she is really ‘invested̵7;

3 any significant investment by HMG / European Semiconductor fund but most importantly the US CHIPS ACT would be incredibly positive. It is mooted that a large tranche of this huge fund will be announced prior to March 7 and related to Biden’s election campaign. IQE have a big presence in the USA and are heavily involved in supplying the US military ( via its customer Raytheon) . IQE have just appointed a VP of Government affairs whose role is entirely to ensure IQE gets access to these funds,Americo was optimistic about IQE’s chances of procuring funding when I met him ( he wouldn’t have made the appointment if he wasn’t) - I personally won’t be convinced till any announcement is made.

4absolutely pivotal is the OUTLOOK in the upcoming earnings report. I am estimating it will come the 3rd week of March ( 19-21?) . FY 23 is behind us and results are more or less already in the public domain. I sincerely hope the TONE and POSITIVITY of the statement reflects what was expressed to me at my recent meeting with our CEO. I will be closely watching the the Q&A and will definitely be submitting questions, the answer to questions will be invaluable in assessing where we are.

IQE is my last major involvement in the stock market ( I have a nice holding in Altitude too but pales in significance ) and I intend to exit completely when the share price reaches my targets . 2024 would be a lovely time to go but there’s a way to go before that happens . And no I won’t be stating my exit share price other than to say it’s lower than Tomducks 😉

S
Posted at 07/2/2024 17:49 by provonar
Guildedge,

The Infineon buy-out of GaN Systems was a Tier 1 producer purchasing a fabless CS design house. This would be similar to Tier 1 Win Semiconducters buying out Lumentum. None of these companies are involved in epitaxy at Tier 2, as far as I'm aware.

Both of these supply chains need a supply of epitaxial wafers from Tier 2 before they can build ICs at Tier 1. Yes, they could decide to vertically-integrate and absorb an epitaxy company - but that's a bit like asking why IQE doesn't buy out a mining company at Tier 3. It's all about being an expert in a specific niche within the supply chain. Plus, any purchaser of IQE would need to use all of the different epitaxy products that IQE currently produce - otherwise they would immediately throw-out/sell all the tools that didn't produce the desired epiwafers, which is obviously bad business.

Now in the epitaxy market there is about 2/3 of the epitaxy done in vertically-integrated companies. IQE have existed off the remaining 1/3 of the market which is the outsourced epitaxy production, generally involving fabless design houses and pure-play foundries (Tier 1 chip producers who don't design the chips they build).

Not only does Mr. Lemos want IQE to expand/maintain their market share of the outsourced epiwafer market, he also wants to go after the vertically-integrated part of the market, too - which was expressly stated at the CMD 2022. Effectively, he's trying to persuade the vertically-integrated CS producers that out-sourcing the epitaxy to a specialist like IQE is better for business: focused expertise, large production capacity, can operate globally, tool down-time is IQE's problem etc. However, this is a big challenge as a lot of companies will not want to give up an in-house capability to become dependent on one external supplier.

But coming back to Infineon, they look like part of the out-sourced market - they're a Tier 1 foundry, as far as I can see. Their annual report mentions front-end and back-end processing, which are Tier 1 processes for chip production. So they'll absolutely need to buy their CS epiwafers from someone, just as epiwafer manufacturers have to buy their mined raw materials from someone (glossing over the crystal-ingot growth process, of which IQE has two facilities).

So, Infineon will need to go to epiwafer suppliers in order to get the material inputs they need to create chips. They will want to go to multiple suppliers in order to have a diversity of supply. But if you have big order ramps due to a 'breakthrough' in demand, then you need to go to the big volume epiwafer manufacturers, like IQE. This is what the over-blown 'inflection point' talk is all about - whether it really occurs (which is looking more likely) and whether IQE can profitably capitalise on it, remains to be seen.
Posted at 06/2/2024 21:25 by guildedge
IQE issue in past has been having all these advanced Semiconductor products but the market was not adopting them or taking IQE seriously. Multi billion pound market and IQE was turning over less than 0.001% of this turnover? Apple turned over 383 billion dollars in 2023. Which means IQE parts were worth less than 30-40p a product? Selling screws for an expensive wardrobe. You need to make a lot of screws to make money and IQE has not had the volumes to do this.

Infineon acquired Gan Systems in March 2023 to make GAN parts. Looks like they are producing parts by themselves. We have had no update to say they are working closely with IQE as a partner but again maybe they are not allowed to say. They have admitted to likes of Apple and other industry players.

hxxps://www.semiconductor-today.com/news_items/2023/mar/infineon-030323.shtml
hxxps://gansystems.com/

You could flip this on it's head and say if IQE parts were must have then companies like Infineon would buy out IQE and stick their parts in all their products. 200m is throwaway money for these big firms. Of course Lemos will value at IQE at a billion plus if his plans work. Even then British government would likely refuse any sale of IQE. So maybe building up the business is the way forward here.

I think Lemos will bring something new. If there is not enough capacity in the industry as a whole then you would hope IQE could steal a part of this market. Convincing the big players is the issue here.
Posted at 01/2/2024 13:20 by crosswires
Provonar, very usefully summarised, thanks.

I don’t believe for a minute they will hit £500m revenue in 2027, I would say the % chance of it happening is less than 1%, however it’s fairly irrelevant and an arbitrary number regards to our investment. All that matters is can they increase revenue and profit significantly from their record revenue year? If they can do 350-400m in 2027 with record profits with a yoy growth forecast for the foreseeable then our investment here will have grown significantly. That’s what we’re betting on and we’re probably better off forgetting the headline 3x revenue number no imo

I remember well how quickly the IQE share price can take off given encouraging news flow, it would be lovely to revisit the 2017 rise once more…
Posted at 18/1/2024 22:21 by guildedge
The share price did hit 50-60p at end of 2022. However that was never it's true worth. Maybe 30p or so was a fair value? The 50-60p price really put me off as I just didn't know why the share price had doubled. The rise in 2017 was backed by profits. The share issue has diluted share ownership so that will make any future surge harder. 24p valuation was a broker valuation.

Let's see if the new management can make things happen here. IQE have proper business people now running the business which is a far cry from 2017. They have so many factories with huge capacity. Need the big orders and economies of scales will quickly kick in.Welsh factory was at ebitda with under 10 tools running. However they need at least 25-30m above ebitda to cover general costs and admin.

It's going to be months before we see any real change here. H1 results will give some indication but I wonder if some of the new orders will start production later stages or middle of the year. Unless IQE expect orders from existing customers to hugely increase. Probably not much you will lose at 19-20p.
Iqe share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock