IQE (IQE) Receives “Buy” Rating from Canaccord Genuity

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Canaccord Genuity reaffirmed their buy rating on shares of IQE (LON:IQE) in a research report report published on Tuesday morning, Digital Look reports. They currently have a GBX 130 ($1.70) target price on the stock.

Other analysts have also issued research reports about the stock. Deutsche Bank lowered their target price on shares of IQE from GBX 80 ($1.05) to GBX 70 ($0.91) and set a hold rating for the company in a report on Friday, March 22nd. Peel Hunt reaffirmed a buy rating on shares of IQE in a report on Tuesday, April 9th.

IQE traded up GBX 1.90 ($0.02) during trading on Tuesday, reaching GBX 75.40 ($0.99). 1,415,901 shares of the company’s stock were exchanged, compared to its average volume of 8,840,000. IQE has a fifty-two week low of GBX 55 ($0.72) and a fifty-two week high of GBX 128.30 ($1.68). The firm has a market capitalization of $589.52 million and a PE ratio of 754.00.

In other IQE news, insider Howard Robert Williams sold 3,174,470 shares of IQE stock in a transaction on Friday, April 12th. The shares were sold at an average price of GBX 68 ($0.89), for a total transaction of £2,158,639.60 ($2,820,644.98).

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra-Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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