IXYS Corporation (IXYS) Stock Rating Upgraded by BidaskClub
IXYS Corporation (NASDAQ:IXYS) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.
IXYS Corporation (NASDAQ IXYS) opened at 16.50 on Thursday. The company’s 50-day moving average is $16.57 and its 200-day moving average is $14.74. IXYS Corporation has a 12 month low of $10.06 and a 12 month high of $17.80. The stock has a market capitalization of $537.95 million, a PE ratio of 22.33 and a beta of 0.78.
IXYS Corporation (NASDAQ:IXYS) last issued its earnings results on Friday, June 2nd. The semiconductor producer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter. Equities research analysts forecast that IXYS Corporation will post $0.85 EPS for the current year.
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In other IXYS Corporation news, Director S Joon Lee sold 20,000 shares of the firm’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 completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $386,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Samuel Kory sold 9,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $16.50, for a total transaction of $158,400.00. Following the transaction, the director now directly owns 20,850 shares of the company’s stock, valued at $344,025. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock valued at $639,304 over the last ninety days. 23.60% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in IXYS Corporation by 27.6% in the first quarter. JPMorgan Chase & Co. now owns 1,907,940 shares of the semiconductor producer’s stock valued at $27,760,000 after buying an additional 412,605 shares during the period. Martingale Asset Management L P boosted its stake in IXYS Corporation by 104.6% in the first quarter. Martingale Asset Management L P now owns 196,966 shares of the semiconductor producer’s stock worth $2,866,000 after buying an additional 100,701 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in IXYS Corporation by 15.9% in the first quarter. Alambic Investment Management L.P. now owns 126,307 shares of the semiconductor producer’s stock worth $1,838,000 after buying an additional 17,300 shares in the last quarter. Oxford Asset Management bought a new stake in IXYS Corporation during the first quarter worth about $313,000. Finally, Trexquant Investment LP bought a new stake in IXYS Corporation during the first quarter worth about $308,000. 61.11% of the stock is owned by hedge funds and other institutional investors.
About IXYS Corporation
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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