IXYS Corp. Director Sells $56,100 in Stock (IXYS)
IXYS Corp. (NASDAQ:IXYS) Director S Joon Lee sold 5,000 shares of IXYS Corp. stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $11.22, for a total transaction of $56,100.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $112,200. The sale was disclosed in a legal filing with the SEC, which is available at this link.
IXYS Corp. (NASDAQ:IXYS) traded up 1.71% during mid-day trading on Monday, hitting $11.31. 134,925 shares of the company’s stock traded hands. IXYS Corp. has a 1-year low of $9.09 and a 1-year high of $14.95. The stock’s 50-day moving average is $10.9 and its 200-day moving average is $11.82. The company has a market cap of $354.1 million and a price-to-earnings ratio of 58.53.
IXYS Corp. (NASDAQ:IXYS) last released its earnings data on Wednesday, June 4th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $89.90 million for the quarter, compared to the consensus estimate of $91.00 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 34.4% 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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 7th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.06%.
Separately, analysts at Needham & Company LLC reiterated a “buy” rating on shares of IXYS Corp. in a research note on Thursday. They now have a $14.00 price target on the stock, down previously from $15.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.