IXYS Corporation (IXYS) Sees Strong Trading Volume
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.
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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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