IQE flies under the radar

Rapid growth in Photonics to keep re-rating going
Thursday 01 Dec 2016 Author: Steven Frazer
Compound semiconductor technology company IQE ( IQE:AIM ) is making faster progress in new markets than analysts had previously anticipated. This creates the opportunity to reduce its exposure to its biggest wireless end market, worth 69% of half year to 30 June revenue, improve profit margins from higher value Photonics and other technologies, and power the share price to 50p or higher. The stock currently changes hands at 35.75p...

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