Zacks Investment Research downgraded shares of IQE (OTCMKTS:IQEPF) from a hold rating to a sell rating in a research report released on Wednesday, January 17th.
According to Zacks, “IQE is the world leading supplier of semiconductor wafer products for wireless and optoelectronic components, photovoltaics and silicon based epitaxy. To fully leverage the most from your intellectual property, they can supply you with process optimized, cost effective, world-class wafers from any of their worldwide manufacturing sites. “
Separately, Deutsche Bank began coverage on IQE in a research report on Friday, January 12th. They set a hold rating on the stock.
IQE (IQEPF) traded down $0.07 during trading on Wednesday, reaching $1.34. The company’s stock had a trading volume of 7,148 shares, compared to its average volume of 4,988. IQE has a fifty-two week low of $0.56 and a fifty-two week high of $2.40.
IQE Company Profile
IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.
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