IXYS Corp. (IXYS) Releases Quarterly Earnings Results
IXYS Corp. (NASDAQ:IXYS) issued its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.40, StockRatingsNetwork reports. The company had revenue of $88.10 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter last year, the company posted $0.06 earnings per share. IXYS Corp.’s revenue was up 23.7% compared to the same quarter last year.
IXYS has been the subject of a number of recent research reports. 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 Corp. (NASDAQ:IXYS) traded up 1.60% on Wednesday, hitting $11.45. 104,553 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 has a 50-day moving average of $11.87 and a 200-day moving average of $11.54. The company has a market cap of $359.0 million and a P/E ratio of 59.32.
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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