IXYS Corp. Director Samuel Kory Unloads 15,000 Shares (IXYS)
IXYS Corp. (NASDAQ:IXYS) Director Samuel Kory sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $12.36, for a total value of $185,400.00. Following the sale, the director now directly owns 11,250 shares in the company, valued at approximately $139,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
IXYS Corp. (NASDAQ:IXYS) traded down 1.32% during mid-day trading on Friday, hitting $11.92. 512,355 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 $11.09 and its 200-day moving average is $11.72. The company has a market cap of $373.8 million and a price-to-earnings ratio of 63.58.
IXYS Corp. (NASDAQ:IXYS) last released its earnings data on Wednesday, June 4th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.03 earnings per share. IXYS Corp.’s revenue was up 34.4% compared to the same quarter last year. On average, analysts predict that IXYS Corp. will post $0.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, June 19th.
A number of research firms have recently commented on IXYS. Analysts at TheStreet upgraded shares of IXYS Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Analysts at Needham & Company LLC reiterated a “buy” rating on shares of IXYS Corp. in a research note on Thursday, June 5th. 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.
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