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Alphawave IP Group (GB:AWE)
LSE:AWE
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Alphawave IP Group (AWE) AI Stock Analysis

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GB:AWE

Alphawave IP Group

(LSE:AWE)

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Neutral 51 (OpenAI - 4o)
Rating:51Neutral
Price Target:
182.00p
▼(-6.57% Downside)
Alphawave IP Group's overall stock score is primarily impacted by its financial performance and valuation. The company's challenges in profitability and cash flow management, combined with a negative P/E ratio, suggest caution. Technical analysis shows a neutral trend, indicating no strong momentum in either direction.

Alphawave IP Group (AWE) vs. iShares MSCI United Kingdom ETF (EWC)

Alphawave IP Group Business Overview & Revenue Model

Company DescriptionAlphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom. Alphawave IP Group plc was founded 2017 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyAlphawave IP Group generates revenue primarily through the licensing of its proprietary semiconductor IP to customers in various sectors, including data centers, telecommunications, and consumer electronics. The company earns money by charging licensing fees to semiconductor companies and manufacturers who integrate Alphawave's IP into their own products. Additionally, Alphawave may receive royalties based on the sales volume of products utilizing its technology. Strategic partnerships and collaborations with major technology companies also play a significant role in driving revenue and expanding the company's market reach.

Alphawave IP Group Financial Statement Overview

Summary
Alphawave IP Group's financial performance is mixed. While the balance sheet shows a moderate level of risk with a manageable debt-to-equity ratio, the income statement reveals challenges with negative net and EBIT margins. Cash flow management is also a concern due to negative free cash flow and high capital expenditures.
Income Statement
54
Neutral
Alphawave IP Group has shown a mixed performance in its income statement. The gross profit margin is relatively healthy, indicating efficient cost management. However, the company has been facing challenges with negative net and EBIT margins, which could be a concern for long-term profitability. Revenue growth has been inconsistent, with fluctuations over the years. The recent decline in total revenue and net income suggests potential instability.
Balance Sheet
65
Positive
The balance sheet of Alphawave IP Group shows a moderate level of risk with a manageable debt-to-equity ratio. The equity ratio indicates a strong position in terms of asset financing through equity. However, the declining stockholders' equity in recent years could be a potential risk factor. The company needs to maintain its leverage at sustainable levels to avoid liquidity issues.
Cash Flow
48
Neutral
The cash flow statement reveals challenges in maintaining positive free cash flow, as the company has experienced negative free cash flow in recent periods. Operating cash flow has also been inconsistent, reflecting potential operational inefficiencies. The high capital expenditures could be impacting free cash flow negatively. The company needs to improve its cash flow management for better financial health.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue307.59M321.72M185.41M89.93M32.95M
Gross Profit181.09M165.35M124.63M84.73M31.40M
EBITDA9.09M-1.14M32.50M26.51M17.84M
Net Income-42.52M-51.00M-1.09M9.43M12.21M
Balance Sheet
Total Assets1.07B866.59M917.03M568.28M51.71M
Cash, Cash Equivalents and Short-Term Investments180.16M101.29M186.23M500.96M14.04M
Total Debt371.64M237.06M225.13M7.83M6.86M
Total Liabilities579.65M398.14M441.19M40.51M29.05M
Stockholders Equity489.75M468.45M468.27M527.77M22.65M
Cash Flow
Free Cash Flow-80.20M-57.81M-27.63M16.73M13.85M
Operating Cash Flow10.20M15.83M-12.09M18.89M14.52M
Investing Cash Flow-74.77M-92.63M-433.75M-24.21M-624.00K
Financing Cash Flow143.69M-12.01M205.96M514.73M-2.37M

Alphawave IP Group Technical Analysis

Technical Analysis Sentiment
Positive
Last Price194.80
Price Trends
50DMA
183.49
Positive
100DMA
179.32
Positive
200DMA
153.99
Positive
Market Momentum
MACD
-0.26
Negative
RSI
69.41
Neutral
STOCH
75.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AWE, the sentiment is Positive. The current price of 194.8 is above the 20-day moving average (MA) of 182.80, above the 50-day MA of 183.49, and above the 200-day MA of 153.99, indicating a bullish trend. The MACD of -0.26 indicates Negative momentum. The RSI at 69.41 is Neutral, neither overbought nor oversold. The STOCH value of 75.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AWE.

Alphawave IP Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
1.92%1.26%2.34%-45.30%
$1.09B42.697.03%1.15%6.42%-48.89%
$37.18B12.37-10.20%1.83%8.50%-7.62%
£51.94M-2,845.45-0.04%3.44%0.03%-100.84%
£1.41B-44.94%37.87%-106.99%
£66.57M-1.34-37.55%-24.75%-110.79%
£18.18M-6.72-5780.00%-8.06%-132.47%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:AWE
Alphawave IP Group
194.80
83.60
75.18%
GB:OXIG
Oxford Instruments
1,932.00
-184.36
-8.71%
GB:CML
CML Microsystems
320.00
76.56
31.45%
GB:IQE
IQE plc
6.45
-8.15
-55.82%
GB:NANO
Nanoco Group plc
10.08
-2.29
-18.51%
GB:SPT
Spirent Communications
198.60
30.38
18.06%

Alphawave IP Group Corporate Events

M&A Transactions
Qualcomm’s Subsidiary to Acquire Alphawave IP Group
Positive
Oct 24, 2025

Alphawave IP Group has agreed to a recommended acquisition by Aqua Acquisition Sub LLC, a subsidiary of Qualcomm. This acquisition is structured as a Court-sanctioned scheme of arrangement and involves an Exchangeable Securities Offer to Alphawave’s shareholders. The acquisition is expected to enhance Qualcomm’s position in the semiconductor industry by integrating Alphawave’s advanced connectivity solutions.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £176.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Alphawave IP Group Issues Shares to Key Executives Under Incentive Plan
Positive
Oct 20, 2025

Alphawave IP Group has announced the issuance of ordinary shares to fulfill the vesting of awards under its Long Term Incentive Plan for certain managerial personnel. This move involves the distribution of shares to key executives, including Rahul Mathur, Babak Samimi, and Mohit Gupta, reflecting the company’s commitment to rewarding its leadership and aligning their interests with shareholders. The issuance of shares is expected to enhance the company’s operational focus and strengthen its market positioning by incentivizing its top management.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £176.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Alphawave IP Group Announces Corporate Secretary Change and Office Relocation
Neutral
Oct 10, 2025

Alphawave IP Group has announced a change in its company secretary, appointing Prism Cosec Limited to replace MUFG Corporate Governance Limited. Additionally, the company has relocated its registered office to Highdown House in Worthing, West Sussex, UK. These changes are part of the company’s ongoing efforts to streamline its corporate governance and operational efficiency.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and Strategy
Alphawave IP Group Executives Acquire Shares, Signaling Confidence
Positive
Oct 10, 2025

Alphawave IP Group announced that key managerial personnel have purchased shares under the company’s Employee Share Purchase Plan. Rahul Mathur, the Chief Operating and Chief Financial Officer, acquired 1,806 ordinary shares, while Mohit Gupta, EVP & GM of IP and Custom Silicon, purchased 9,170 shares. This move reflects confidence in the company’s future prospects and aligns the interests of the management with shareholders, potentially impacting stakeholder perceptions positively.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Regulatory Filings and Compliance
Alphawave IP Group Updates Share Capital Structure
Neutral
Oct 6, 2025

Alphawave IP Group has announced that as of September 30, 2025, the company’s issued share capital consists of 787,027,923 ordinary shares, each with voting rights. This update is significant for shareholders as it provides the necessary denominator for calculating their interest or changes in interest in the company, in compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Alphawave IP Group Reports H1 2025 Results Amid Qualcomm Acquisition
Negative
Sep 29, 2025

Alphawave IP Group reported its interim results for the first half of 2025, highlighting a 13% increase in revenue to $103 million despite global economic uncertainties and customer hesitations due to its impending acquisition by Qualcomm. The company faced a significant operating loss of $172.8 million, impacted by non-recurring costs related to the acquisition and other impairments. The acquisition by Qualcomm, valued at $2.4 billion, is seen as a testament to Alphawave’s strategic progress and platform quality, although it has led to deferred customer purchases and a 29% drop in bookings. The company remains focused on executing its strategy and supporting Qualcomm in completing the acquisition process.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Regulatory Filings and Compliance
Alphawave IP Group Announces Total Voting Rights
Neutral
Sep 1, 2025

Alphawave IP Group has announced its total voting rights, revealing that as of August 29, 2025, the company’s issued share capital consists of 782,979,928 ordinary shares with voting rights. This information is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, impacting how they manage their interests in the company.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Alphawave IP Group Grants Conditional Share Awards to Key Executives
Positive
Aug 8, 2025

Alphawave IP Group announced the granting of conditional awards over ordinary shares to key managerial personnel under its Long Term Incentive Plan. The awards, given to Mohit Gupta and Babak Samimi, are set to vest over a period starting from May 2026, contingent upon continued employment. This move underscores the company’s commitment to retaining top talent and aligning their interests with the company’s long-term success.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £125.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Alphawave IP Group Issues Shares for Executive Incentive Plan
Positive
Aug 8, 2025

Alphawave IP Group plc announced the issuance of ordinary shares to settle the vesting of awards under its Long Term Incentive Plan for certain senior executives. This transaction highlights the company’s commitment to rewarding its key personnel, potentially impacting its operational dynamics and market positioning by aligning management incentives with shareholder interests.

The most recent analyst rating on (GB:AWE) stock is a Buy with a £1.60 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and Strategy
Alphawave IP Executives Increase Stake Through Share Purchase Plan
Positive
Aug 8, 2025

Alphawave IP Group plc announced the purchase of ordinary shares by its key managerial personnel under the Employee Share Purchase Plan. Rahul Mathur, the Chief Operating and Chief Financial Officer, acquired 13,959 shares, while Babak Samimi, SVP & GM of Connectivity Products, purchased 15,729 shares. This move indicates a strong commitment from the company’s leadership, potentially enhancing stakeholder confidence and aligning managerial interests with shareholder value.

The most recent analyst rating on (GB:AWE) stock is a Hold with a £125.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Alphawave IP Group Issues Shares for Management Incentive Plan
Neutral
Aug 7, 2025

Alphawave IP Group PLC has announced the issuance of ordinary shares to settle the vesting of awards under its Long Term Incentive Plan for certain senior executives. This transaction, which involved the vesting and subsequent sale of shares to cover tax obligations, reflects the company’s ongoing efforts to align management incentives with shareholder interests, potentially impacting its market perception and stakeholder relations.

The most recent analyst rating on (GB:AWE) stock is a Buy with a £190.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

M&A TransactionsShareholder Meetings
Alphawave IP Group’s Acquisition by Qualcomm Subsidiary Approved by Shareholders
Neutral
Aug 5, 2025

Alphawave IP Group has announced the successful approval of its acquisition by Aqua Acquisition Sub LLC, a subsidiary of Qualcomm Incorporated. The acquisition, which is being executed through a Court-sanctioned scheme of arrangement, received overwhelming support from shareholders at both the Court Meeting and the General Meeting. The acquisition is contingent on regulatory approvals from several countries, including the UK, which has already granted clearance. The scheme is expected to be effective in the first quarter of 2026, pending the satisfaction of remaining conditions.

The most recent analyst rating on (GB:AWE) stock is a Buy with a £190.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Regulatory Filings and Compliance
Alphawave IP Group Announces Total Voting Rights Update
Neutral
Aug 1, 2025

Alphawave IP Group has announced its total voting rights as of July 31, 2025, with an issued share capital consisting of 780,357,690 ordinary shares, each with voting rights. This information is crucial for shareholders to determine their notification obligations under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, impacting how they manage their interests in the company.

The most recent analyst rating on (GB:AWE) stock is a Buy with a £190.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Business Operations and Strategy
Alphawave IP Group Executives Acquire Shares Under Employee Plan
Positive
Jul 28, 2025

Alphawave IP Group plc announced the purchase of shares by key managerial personnel under its Employee Share Purchase Plan. Rahul Mathur, Chief Operating and Chief Financial Officer, and Babak Samimi, SVP & GM of Connectivity Products, acquired 11,392 and 9,148 ordinary shares, respectively. This move reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially strengthening stakeholder confidence and enhancing its market position.

The most recent analyst rating on (GB:AWE) stock is a Buy with a £190.00 price target. To see the full list of analyst forecasts on Alphawave IP Group stock, see the GB:AWE Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 25, 2025