IQE plc (LON:IQE) insider Howard Robert Williams sold 537,202 shares of IQE stock in a transaction on Monday, December 4th. The stock was sold at an average price of GBX 163 ($2.19), for a total value of £875,639.26 ($1,178,518.52).

Shares of IQE plc (IQE) opened at GBX 154.50 ($2.08) on Tuesday. IQE plc has a fifty-two week low of GBX 33.25 ($0.45) and a fifty-two week high of GBX 181.50 ($2.44).

IQE has been the subject of several research analyst reports. Peel Hunt lifted their price objective on IQE from GBX 150 ($2.02) to GBX 188 ($2.53) and gave the stock a “buy” rating in a report on Thursday, November 2nd. Citigroup initiated coverage on IQE in a report on Friday, November 10th. They set a “buy” rating and a GBX 195 ($2.62) price target for the company. Canaccord Genuity reissued a “buy” rating and set a GBX 180 ($2.42) price target on shares of IQE in a report on Tuesday, September 5th. Finally, Barclays initiated coverage on IQE in a report on Monday. They set an “overweight” rating and a GBX 210 ($2.83) price target for the company. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of GBX 164.20 ($2.21).

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About IQE

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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