IXYS Corp. (IXYS) Rating Lowered to Hold at TheStreet
IXYS Corp. (NASDAQ:IXYS) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Thursday.
IXYS Corp. (NASDAQ:IXYS) opened at 12.00 on Thursday. The firm’s 50 day moving average price is $11.07 and its 200-day moving average price is $11.08. IXYS Corp. has a 52 week low of $9.59 and a 52 week high of $13.00. The firm has a market cap of $378.43 million, a PE ratio of 24.44 and a beta of 1.12.
In other news, Director Timothy A. Richardson sold 9,913 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $12.00, for a total value of $118,956.00. Following the completion of the sale, the director now owns 9,913 shares in the company, valued at $118,956. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 25.60% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in IXYS Corp. during the second quarter worth about $129,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in IXYS Corp. during the second quarter worth $118,000. Bank of New York Mellon Corp increased its position in IXYS Corp. by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 170,884 shares of the company’s stock worth $1,752,000 after buying an additional 5,903 shares during the period. Royce & Associates LP increased its position in IXYS Corp. by 1.4% in the second quarter. Royce & Associates LP now owns 1,797,187 shares of the company’s stock worth $18,421,000 after buying an additional 25,014 shares during the period. Finally, SECOR Capital Advisors LP increased its position in IXYS Corp. by 85.0% in the second quarter. SECOR Capital Advisors LP now owns 55,548 shares of the company’s stock worth $569,000 after buying an additional 25,524 shares during the period. Institutional investors own 62.28% of the company’s stock.
About IXYS Corp.
IXYS Corporation (IXYS) is a multi-market integrated semiconductor company. The Company is engaged in the development, manufacture and marketing of power semiconductors, mixed-signal integrated circuits (ICs), application specific integrated circuits (ASICs), microcontrollers, systems and radio frequency (RF) power semiconductors.
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