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IXYS Corp. (NASDAQ:IXYS) set a new 52-week high during trading hours on Thursday, American Banking reports. The company traded as high as $13.39 and last traded at $12.97, with a volume of 142,662 shares. The stock had previously closed at $12.79.

Separately, analysts at Needham & Company raised their price target on shares of IXYS Corp. from $12.00 to $13.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock.

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.

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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