IXYS Corp. Given New $13.00 Price Target at Needham & Company (IXYS)
Equities research analysts at Needham & Company hoisted their price target on shares of IXYS Corp. (NASDAQ:IXYS) from $12.00 to $13.00 in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Needham & Company’s target price would suggest a potential upside of 4.42% from the stock’s previous close.
IXYS Corp. (NASDAQ:IXYS) traded up 2.30% during mid-day trading on Thursday, hitting $12.45. The stock had a trading volume of 185,864 shares. IXYS Corp. has a 52-week low of $7.91 and a 52-week high of $12.45. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $10.46. The company has a market cap of $387.2 million and a P/E ratio of 114.81.
IXYS Corp. (NASDAQ:IXYS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $79.00 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts predict that IXYS Corp. will post $0.80 earnings per share for the current fiscal year.
In other IXYS Corp. news, Director Samuel Kory unloaded 5,000 shares of the stock on the open market in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $10.91, for a total transaction of $54,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on IXYS. Analysts at TheStreet downgraded shares of IXYS Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. Analysts at Zacks upgraded shares of IXYS Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $11.20 price target on the stock.
IXYS Corporation is an integrated semiconductor company. It specializes in the development, manufacture and marketing power semiconductors, advanced mixed-signal integrated circuits (NASDAQ:IXYS), application specific integrated circuits (ASICs), microcontrollers, systems and radio frequency (RF), and power semiconductors.
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