IXYS Corp. (IXYS) Declares Quarterly Dividend of $0.04
IXYS Corp. (NASDAQ:IXYS) declared a quarterly dividend on Friday, August 29th, AnalystRatingsNetwork reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.035 per share on Friday, September 26th. This represents a $0.14 dividend on an annualized basis and a yield of 1.18%.
Several analysts have recently commented on the stock. 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.
Shares of IXYS Corp. (NASDAQ:IXYS) opened at 11.83 on Friday. IXYS Corp. has a 52 week low of $9.09 and a 52 week high of $14.95. The stock’s 50-day moving average is $11.74 and its 200-day moving average is $11.42. The company has a market cap of $372.5 million and a P/E ratio of 49.50.
IXYS Corp. (NASDAQ:IXYS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.40. 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. On average, analysts predict that IXYS Corp. will post $0.77 earnings per share for the current fiscal year.
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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