IXYS (NASDAQ:IXYS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday, January 11th.
IXYS (NASDAQ:IXYS) remained flat at $$23.05 during midday trading on Thursday. The company has a quick ratio of 5.55, a current ratio of 7.98 and a debt-to-equity ratio of 0.24. IXYS has a fifty-two week low of $11.52 and a fifty-two week high of $24.96. The stock has a market cap of $759.16, a price-to-earnings ratio of 32.46 and a beta of 0.68.
In other news, Director James M. Thorburn sold 11,100 shares of IXYS stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $23.94, for a total transaction of $265,734.00. Following the sale, the director now owns 16,272 shares of the company’s stock, valued at approximately $389,551.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Samuel Kory sold 108,750 shares of IXYS stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.35, for a total transaction of $2,648,062.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,651 shares of company stock worth $3,765,144. 23.60% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of IXYS. Russell Investments Group Ltd. increased its position in shares of IXYS by 855.5% during the second quarter. Russell Investments Group Ltd. now owns 50,104 shares of the semiconductor producer’s stock worth $825,000 after acquiring an additional 44,860 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of IXYS by 0.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 198,264 shares of the semiconductor producer’s stock worth $3,262,000 after purchasing an additional 589 shares in the last quarter. Rhumbline Advisers grew its stake in shares of IXYS by 1.9% during the second quarter. Rhumbline Advisers now owns 30,038 shares of the semiconductor producer’s stock worth $494,000 after purchasing an additional 560 shares in the last quarter. Federated Investors Inc. PA acquired a new position in shares of IXYS during the second quarter worth $1,400,000. Finally, American Century Companies Inc. grew its stake in shares of IXYS by 3.6% during the second quarter. American Century Companies Inc. now owns 32,841 shares of the semiconductor producer’s stock worth $540,000 after purchasing an additional 1,156 shares in the last quarter. 63.00% of the stock is currently owned by institutional investors and hedge funds.
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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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