The IQE share price has been on a roller coaster ride in recent years. The Welsh-based semiconductor wafer foundry is a world leader in the production of radio frequency (RF) and infrared (IR) chips used in mobile phones, tablets and other wireless devices. But it has been hit hard by the slowdown in global demand for these products, and its share price has yo-yoed accordingly.
After peaking at around £1.60 in early 2018, IQE’s share price fell to just over 60p by the end of that year. It then staged a recovery in 2019, rising to around £1.20 by the summer, before falling back again to below 80p by the end of the year.
If you’re looking for a reason to be bullish on IQE plc (LON: IQE), then its share price performance over the past year is a good place to start. The Welsh semiconductor wafer manufacturer’s shares have risen by approximately 50% since this time last year, and there appears to be no end in sight for the company’s strong run.
One of the key drivers behind IQE’s share price rise has been increasing demand for its products from the smartphone industry.
This is due to the fact that IQE is one of the world’s leading suppliers of engineered semiconductor wafers, which are used in a variety of applications including smartphones, tablets, laptops and wearables. In addition to this, IQE recently announced that it has secured a $30 million contract from an unnamed customer to supply them with advanced compound semiconductor materials over the next three years. This is yet another example of howIQE is benefiting from rising demand for its products across a range of industries.
With all of this in mind, it seems like there are plenty of reasons to be bullish on IQE plc going forward.
Iqe Share Price Forecast
The IQE share price has been on a rollercoaster ride in recent years. After hitting an all-time high of £8.50 in December 2017, the stock plummeted to just £1.60 in December 2018. However, it has since recovered and is now trading at around £3.00.
So what does the future hold for IQE shares? Can investors expect further gains or is this stock heading for another fall? In this blog post, we take a look at the latest IQE share price forecast from leading analysts and explore the factors that could impact the stock over the coming months.
Analysts are bullish on IQE shares According to data from Refinitiv, there are currently 14 analysts covering IQE stock with a consensus rating of ‘buy’. This suggests that most experts believe that now is a good time to buyIQE shares.
In fact, the average price target for the stock is £4.31, which represents upside of over 40% from the current level.
What is the Iqe Share Price
The IQE share price is currently trading at around £1.60 per share. The company has a market capitalisation of approximately £600 million and reported revenues of £64.4 million for the year ended 31 December 2018. IQE is a world-leading supplier of wafer products and services to the semiconductor industry, with over 30 years’ experience in the development and commercialisation of advanced semiconductor technologies.
How Has the Iqe Share Price Performed Over Time
The IQE share price has performed exceptionally well over the last five years. In fact, since 2013, the shares have quadrupled in value!
This incredible performance is down to a number of factors.
Firstly, IQE have been at the forefront of the development of new semiconductor materials and processes, which has seen them win a number of high-profile contracts with some of the world’s leading chipmakers. Secondly, as demand for semiconductors has increased exponentially in recent years – driven by the growth of smartphones, tablets and other connected devices – IQE’s revenues and profits have soared. This has led to a sharp increase in the company’s share price.
Finally,IQE’s share price has also been boosted by a series of share consolidation exercises undertaken by the company in recent years. This has helped to reduce the number of shares in circulation and made each one more valuable. All things considered, it’s no surprise that IQE’s share price has performed so well over the last five years.
And with demand for semiconductors showing no signs of slowing down, there could be even more gains to come for investors in this dynamic company!
What Factors Could Affect the Iqe Share Price in the Future
The share price of IQE (LSE: IQE) could be affected by a number of factors in the future. These include, but are not limited to:
-The global economic climate.
If there is a recession or prolonged period of economic uncertainty, this could negatively impact IQE’s business and consequently its share price. -Changes in demand for the semiconductors that IQE produces. If there is a shift away from the use of semiconductors in favour of alternative technologies, this would likely have a negative impact on IQE’s sales and profitability, and hence its share price.
-Competition from other companies producing similar products. If IQE faces increased competition from rival firms, this could put pressure on its margins and market share, which would likely lead to a fall in its share price.
IQE – executive interview
Iqe Share Price
Iqe is a company that manufactures semiconductor wafers. The company’s share price has been volatile in recent years, but it has outperformed the market over the long term.
Iqe is currently trading at a discount to its historical average valuation, making it an attractive investment proposition.