IXYS (NASDAQ:IXYS) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

IXYS (NASDAQ:IXYS) traded down $0.10 during trading hours on Friday, reaching $24.20. The company had a trading volume of 238,292 shares, compared to its average volume of 203,480. The stock has a market capitalization of $793.01, a price-to-earnings ratio of 28.26 and a beta of 0.72. The company has a quick ratio of 5.55, a current ratio of 7.98 and a debt-to-equity ratio of 0.24. IXYS has a 52-week low of $11.05 and a 52-week high of $24.96.

In other IXYS news, Director Samuel Kory sold 108,750 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $24.35, for a total transaction of $2,648,062.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.60% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Harvest Management LLC purchased a new position in shares of IXYS during the third quarter worth about $2,394,000. Teachers Advisors LLC boosted its stake in shares of IXYS by 11.5% during the second quarter. Teachers Advisors LLC now owns 44,685 shares of the semiconductor producer’s stock worth $735,000 after buying an additional 4,622 shares during the period. Kassirer Asset Management Corp acquired a new stake in shares of IXYS during the third quarter worth about $2,064,000. Vanguard Group Inc. boosted its stake in shares of IXYS by 8.4% during the first quarter. Vanguard Group Inc. now owns 1,154,850 shares of the semiconductor producer’s stock worth $16,802,000 after buying an additional 89,230 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of IXYS during the second quarter worth about $269,000. 63.56% of the stock is currently owned by institutional investors.

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IXYS Company Profile

IXYS Corporation (IXYS) is a multi-market integrated semiconductor company. The Company is engaged in the development, manufacture and marketing of power semiconductors, mixed-signal integrated circuits (ICs), application specific integrated circuits (ASICs), microcontrollers, systems and radio frequency (RF) power semiconductors.

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