IXYS Corporation (NASDAQ:IXYS) shares saw an uptick in trading volume on Tuesday . 1,566,406 shares traded hands during mid-day trading, an increase of 551% from the previous session’s volume of 240,500 shares.The stock last traded at $22.53 and had previously closed at $22.40.

Separately, BidaskClub upgraded shares of IXYS Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th.

The company’s 50 day moving average is $16.50 and its 200 day moving average is $14.91. The stock has a market cap of $738.46 million, a P/E ratio of 30.65 and a beta of 0.78.

IXYS Corporation (NASDAQ:IXYS) last announced its quarterly earnings data on Friday, June 2nd. The semiconductor producer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $83.37 million for the quarter. IXYS Corporation had a return on equity of 9.40% and a net margin of 7.33%. Analysts expect that IXYS Corporation will post $0.85 earnings per share for the current fiscal year.

In other news, Director Samuel Kory sold 9,600 shares of the stock in a transaction dated 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 in the company, valued at approximately $344,025. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Joon Lee sold 20,000 shares of the 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 owns 25,000 shares in the company, valued at $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 over the last quarter. Corporate insiders own 23.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC bought a new stake in shares of IXYS Corporation during the first quarter valued at $176,000. Algert Global LLC bought a new stake in shares of IXYS Corporation during the second quarter valued at $185,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of IXYS Corporation during the second quarter valued at $215,000. Voya Investment Management LLC boosted its stake 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 valued at $216,000 after buying an additional 2,279 shares in the last quarter. Finally, American International Group Inc. boosted 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 in the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.

WARNING: This report was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/31/ixys-corporation-ixys-sees-strong-trading-volume.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.