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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  IQE plc    IQE   GB0009619924

IQE PLC

(IQE)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/22 11:35:11 am
86.75 GBX   -1.76%
01/20IQE PLC : Holding(s) in Company
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01/20IQE : FY20 Revenue Grows As It Swings To Positive Cash Position
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01/20IQE PLC : FY 2020 Trading Update
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

IQE : Tech firm IQE founder and CEO to step down after three decades at the helm

11/24/2020 | 03:06am EST

(Reuters) - British technology firm IQE said on Tuesday its founder and chief executive officer, Drew Nelson, plans to step down from the company after spending 30 years at the helm.

IQE, which makes semiconductor wafers for chips used in Apple products, said Nelson, 64, will remain CEO until a successor is found and then takeover as the board president.

"Continuing as a board member once the new CEO is in place, he will be able to provide IQE with his expertise and industry knowledge and will remain with the company as a powerful ambassador and advisor," Chairman Phil Smith said.

In a separate statement, IQE said it expects annual revenue to be higher than forecast earlier, helped by military and defence sector orders from a major U.S. customer.

(Reporting by Indranil Sarkar in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.61% 139.07 Delayed Quote.3.15%
IQE PLC -1.76% 86.75 Delayed Quote.18.11%
All news about IQE PLC
01/20IQE PLC : Holding(s) in Company
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01/20IQE : FY20 Revenue Grows As It Swings To Positive Cash Position
MT
01/20IQE PLC : FY 2020 Trading Update
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2020CORRECTION : IQE plc: Holding(s) in Company
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2020IQE PLC : Holding(s) in Company
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2020IQE Gains 5% as It Raises Full-Year Revenue Guidance
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2020IQE Founder/CEO Plans to Step Down; Shares Up 5%
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2020IQE : Tech firm IQE founder and CEO to step down after three decades at the helm
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2020IQE PLC : H2 2020 Trading Update
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More news
Financials
Sales 2020 178 M 243 M 243 M
Net income 2020 -4,04 M -5,52 M -5,52 M
Net Debt 2020 0,31 M 0,42 M 0,42 M
P/E ratio 2020 -222x
Yield 2020 -
Capitalization 694 M 949 M 950 M
EV / Sales 2020 3,90x
EV / Sales 2021 3,74x
Nbr of Employees -
Free-Float 86,8%
Chart IQE PLC
Duration : Period :
IQE plc Technical Analysis Chart | IQE | GB0009619924 | MarketScreener
Technical analysis trends IQE PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 83,81 GBX
Last Close Price 86,75 GBX
Spread / Highest target 39,5%
Spread / Average Target -3,39%
Spread / Lowest Target -30,8%
EPS Revisions
Managers and Directors
NameTitle
Andrew William Nelson President, CEO & Executive Director
Philip Patrick Smith Chairman
Keith Connell Anderson Chief Operating Officer
Tim Pullen Chief Financial Officer & Director
Rodney Pelzel Chief Technology Officer & EVP-Global Innovation
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