Wedge Capital Management L L P NC Continues to Hold Stake in IXYS Corp. (IXYS)
Wedge Capital Management L L P NC continued to hold its stake in IXYS Corp. (NASDAQ:IXYS) during the second quarter, Holdings Channel reports. The fund owned 96,312 shares of the company’s stock at the end of the second quarter. Wedge Capital Management L L P NC’s holdings in IXYS Corp. were worth $987,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in IXYS. American Century Companies Inc. raised its stake in IXYS Corp. by 29.3% in the second quarter. American Century Companies Inc. now owns 30,869 shares of the company’s stock valued at $316,000 after buying an additional 6,999 shares in the last quarter. Strs Ohio increased its position in IXYS Corp. by 8.4% in the second quarter. Strs Ohio now owns 56,700 shares of the company’s stock valued at $581,000 after buying an additional 4,400 shares during the last quarter. Foundry Partners LLC increased its position in IXYS Corp. by 80.6% in the second quarter. Foundry Partners LLC now owns 483,795 shares of the company’s stock valued at $4,959,000 after buying an additional 215,955 shares during the last quarter. Robecosam AG increased its position in IXYS Corp. by 17.7% in the first quarter. Robecosam AG now owns 219,000 shares of the company’s stock valued at $2,575,000 after buying an additional 33,000 shares during the last quarter. Finally, Springbok Capital Management LLC increased its position in IXYS Corp. by 54.1% in the first quarter. Springbok Capital Management LLC now owns 9,400 shares of the company’s stock valued at $105,000 after buying an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.
IXYS Corp. (NASDAQ:IXYS) traded up 0.2127% during trading on Tuesday, hitting $11.0234. The stock had a trading volume of 18,214 shares. The firm has a 50 day moving average price of $11.66 and a 200-day moving average price of $11.18. IXYS Corp. has a 1-year low of $9.59 and a 1-year high of $14.00. The firm has a market capitalization of $346.77 million, a PE ratio of 23.9119 and a beta of 1.30.
IXYS Corp. (NASDAQ:IXYS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $80.64 million for the quarter, compared to analyst estimates of $79.93 million. IXYS Corp. had a net margin of 4.68% and a return on equity of 7.15%. IXYS Corp.’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. On average, equities research analysts expect that IXYS Corp. will post $0.72 EPS for the current year.
In other IXYS Corp. news, Director Timothy A. Richardson sold 9,913 shares of IXYS Corp. stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $12.00, for a total transaction of $118,956.00. Following the completion of the transaction, the director now owns 9,913 shares in the company, valued at approximately $118,956. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 25.60% 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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