27 Jan 2022
IQE - New CEO – new engagement with markets
IQE’s share price has fallen by over 30% since FY21 guidance was reduced in November. However, we believe the downgrade relates primarily to supply chain issues in the smartphone industry, which are likely to be resolved during FY22, rather than any loss of market share. The group is therefore likely to return to growth as the handset and 5G infrastructure markets recover, potentially supporting a share price recovery too. Moreover, new CEO Americo Lemos’s extensive network of relationships with ....
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IQE - New CEO – new engagement with markets
IQE plc (IQE:LON) | 30.0 -0.2 (-2.5%) | Mkt Cap: 288.7m
- Published:
27 Jan 2022 -
Author:
Anne Margaret Crow -
Pages:
16
IQE’s share price has fallen by over 30% since FY21 guidance was reduced in November. However, we believe the downgrade relates primarily to supply chain issues in the smartphone industry, which are likely to be resolved during FY22, rather than any loss of market share. The group is therefore likely to return to growth as the handset and 5G infrastructure markets recover, potentially supporting a share price recovery too. Moreover, new CEO Americo Lemos’s extensive network of relationships with ....