IQE plc (LON:IQE) Insider Sells £875,639.26 in Stock

IQE plc (LON:IQE) insider Howard Robert Williams sold 537,202 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of GBX 163 ($2.18), for a total transaction of £875,639.26 ($1,170,797.25).

IQE plc (IQE) traded down GBX 7.50 ($0.10) during midday trading on Friday, reaching GBX 137 ($1.83). 5,913,597 shares of the company’s stock traded hands, compared to its average volume of 7,330,000. The firm has a market cap of $1,070.00 and a price-to-earnings ratio of 6,850.00. IQE plc has a 52 week low of GBX 37.07 ($0.50) and a 52 week high of GBX 181.50 ($2.43).

Several research analysts have commented on the stock. Peel Hunt restated a “buy” rating and issued a GBX 150 ($2.01) target price on shares of IQE in a research report on Wednesday, September 13th. Citigroup assumed coverage on shares of IQE in a research note on Friday, November 10th. They set a “buy” rating and a GBX 195 ($2.61) target price for the company. Canaccord Genuity restated a “buy” rating and issued a GBX 180 ($2.41) price target on shares of IQE in a research report on Tuesday, September 5th. Barclays initiated coverage on shares of IQE in a research report on Monday, December 4th. They issued an “overweight” rating and a GBX 210 ($2.81) target price for the company. Finally, N+1 Singer reiterated a “buy” rating and issued a GBX 181 ($2.42) target price on shares of IQE in a research report on Thursday, December 21st. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of GBX 190.80 ($2.55).

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IQE Company Profile

IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. The Company’s segments include wireless, photonics, Infra Red and CMOS++. The Company is the manufacturer and supplier of Compound Semiconductor wafers or epiwafers using a process called epitaxy.

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