IXYS Corporation (IXYS) Upgraded to Strong-Buy by BidaskClub
BidaskClub upgraded shares of IXYS Corporation (NASDAQ:IXYS) from a buy rating to a strong-buy rating in a research report report published on Thursday.
Shares of IXYS Corporation (NASDAQ:IXYS) opened at 16.10 on Thursday. IXYS Corporation has a 52-week low of $10.06 and a 52-week high of $17.80. The company has a market cap of $524.91 million, a P/E ratio of 21.79 and a beta of 0.78. The firm has a 50-day moving average of $16.53 and a 200-day moving average of $14.78.
IXYS Corporation (NASDAQ:IXYS) last posted its earnings results on Friday, June 2nd. The semiconductor producer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.14. IXYS Corporation had a net margin of 7.33% and a return on equity of 9.40%. The company had revenue of $83.37 million during the quarter. Equities research analysts forecast that IXYS Corporation will post $0.85 earnings per share for the current year.
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In other IXYS Corporation news, Director Samuel Kory sold 10,400 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $16.51, for a total transaction of $171,704.00. Following the transaction, the director now owns 21,650 shares in the company, valued at approximately $357,441.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Joon Lee sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $15.46, for a total transaction of $309,200.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $386,500. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $639,304 in the last 90 days. 23.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of IXYS. Hapanowicz & Associates Financial Services Inc bought a new position in shares of IXYS Corporation during the first quarter worth about $138,000. Algert Global LLC bought a new position in shares of IXYS Corporation during the second quarter worth about $185,000. ClariVest Asset Management LLC bought a new position in shares of IXYS Corporation during the first quarter worth about $176,000. Campbell & CO Investment Adviser LLC bought a new position in shares of IXYS Corporation during the second quarter worth about $215,000. Finally, Voya Investment Management LLC raised its position in shares of IXYS Corporation by 21.0% in the second quarter. Voya Investment Management LLC now owns 13,122 shares of the semiconductor producer’s stock worth $216,000 after buying an additional 2,279 shares during the last quarter. Institutional investors and hedge funds own 61.11% of the company’s stock.
IXYS Corporation Company Profile
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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