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An update from IQE plc ( (GB:IQE) ) is now available.
IQE plc has announced a multi-year extension of its strategic supply agreement with Lumentum Holdings Inc. This extension builds on their longstanding relationship, leveraging IQE’s VCSEL expertise to advance 3D sensing technologies across Lumentum’s photonics product portfolio. These technologies are crucial for consumer, automotive LiDAR, and in-cabin sensing applications. The agreement is expected to foster further innovation in sensing technologies, expanding their application into new consumer and automotive products, thereby strengthening IQE’s position in the semiconductor industry.
The most recent analyst rating on (GB:IQE) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on IQE plc stock, see the GB:IQE Stock Forecast page.
Spark’s Take on GB:IQE Stock
According to Spark, TipRanks’ AI Analyst, GB:IQE is a Neutral.
IQE plc’s overall stock score is primarily impacted by its weak financial performance, characterized by negative margins and cash flow issues. Technical analysis indicates bearish momentum, further weighing on the score. Valuation metrics are unfavorable due to ongoing losses. However, the company’s strategic review and focus on innovation provide some potential for future improvement.
To see Spark’s full report on GB:IQE stock, click here.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and materials solutions, catering to a diverse range of applications including smart connected devices, communications infrastructure, automotive and industrial, as well as aerospace and security. The company is headquartered in Cardiff, UK, and operates manufacturing locations in the UK, US, and Taiwan. IQE is listed on the AIM Stock Exchange in London and is uniquely positioned in the market due to its scale and intellectual property portfolio, which includes know-how and patents that enable superior quality and economic production of epitaxy wafers.
Average Trading Volume: 5,765,244
Technical Sentiment Signal: Sell
Current Market Cap: £49.08M
See more insights into IQE stock on TipRanks’ Stock Analysis page.