IXYS Corporation (IXYS) Position Increased by Geode Capital Management LLC
Geode Capital Management LLC boosted its stake in shares of IXYS Corporation (NASDAQ:IXYS) by 16.8% during the first quarter, Holdings Channel reports. The firm owned 384,950 shares of the semiconductor producer’s stock after buying an additional 55,261 shares during the period. Geode Capital Management LLC’s holdings in IXYS Corporation were worth $5,600,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. American International Group Inc. increased its stake in shares of IXYS Corporation by 7.1% in the first quarter. American International Group Inc. now owns 15,472 shares of the semiconductor producer’s stock valued at $225,000 after buying an additional 1,029 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of IXYS Corporation by 3.3% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 68,083 shares of the semiconductor producer’s stock valued at $991,000 after buying an additional 2,185 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of IXYS Corporation by 9.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 39,507 shares of the semiconductor producer’s stock valued at $575,000 after buying an additional 3,498 shares during the period. Hapanowicz & Associates Financial Services Inc bought a new stake in shares of IXYS Corporation during the first quarter valued at about $138,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of IXYS Corporation during the first quarter valued at about $176,000. Institutional investors and hedge funds own 61.38% of the company’s stock.
Shares of IXYS Corporation (IXYS) traded up 1.118% during midday trading on Friday, reaching $15.825. 42,762 shares of the company’s stock traded hands. IXYS Corporation has a 12 month low of $10.06 and a 12 month high of $17.80. The firm has a market cap of $515.94 million, a PE ratio of 21.414 and a beta of 0.78. The stock has a 50-day moving average price of $16.60 and a 200 day moving average price of $14.61.
IXYS Corporation (NASDAQ:IXYS) last released its earnings results on Friday, June 2nd. The semiconductor producer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.14. The firm had revenue of $83.37 million for the quarter. IXYS Corporation had a net margin of 7.33% and a return on equity of 9.40%. Equities research analysts predict that IXYS Corporation will post $0.85 earnings per share for the current year.
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Separately, BidaskClub downgraded shares of IXYS Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.
In other IXYS Corporation news, Director S Joon Lee sold 20,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $309,200.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $386,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Samuel Kory sold 10,400 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $16.51, for a total transaction of $171,704.00. Following the completion of the transaction, the director now owns 21,650 shares in the company, valued at $357,441.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock worth $714,304. Corporate insiders own 23.60% 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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