IXYS (IXYS) Rating Lowered to Buy at BidaskClub

BidaskClub cut shares of IXYS (NASDAQ:IXYS) from a strong-buy rating to a buy rating in a research note published on Saturday.

Shares of IXYS (NASDAQ IXYS) opened at $23.70 on Friday. IXYS has a 52 week low of $11.10 and a 52 week high of $24.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 5.55 and a current ratio of 7.98. The company has a market cap of $776.63, a PE ratio of 28.14 and a beta of 0.67.

In other IXYS news, Director Samuel Kory sold 108,750 shares of IXYS stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $24.35, for a total value of $2,648,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Thorburn sold 11,100 shares of IXYS stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $23.94, for a total transaction of $265,734.00. Following the completion of the transaction, the director now directly owns 16,272 shares of the company’s stock, valued at $389,551.68. The disclosure for this sale can be found here. Insiders own 23.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of IXYS. Vanguard Group Inc. raised its holdings in IXYS by 8.4% in the first quarter. Vanguard Group Inc. now owns 1,154,850 shares of the semiconductor producer’s stock worth $16,802,000 after buying an additional 89,230 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of IXYS by 16.8% during the first quarter. Geode Capital Management LLC now owns 384,950 shares of the semiconductor producer’s stock valued at $5,600,000 after purchasing an additional 55,261 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of IXYS by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 17,942 shares of the semiconductor producer’s stock valued at $261,000 after purchasing an additional 1,417 shares during the last quarter. Russell Investments Group Ltd. raised its holdings 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 valued at $825,000 after purchasing an additional 44,860 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of IXYS during the second quarter valued at approximately $1,540,000. 63.58% of the stock is owned by institutional investors and hedge funds.

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IXYS 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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