IXYS (IXYS) Rating Lowered to Hold at BidaskClub

IXYS (NASDAQ:IXYS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

Shares of IXYS (NASDAQ:IXYS) traded up $0.25 during midday trading on Thursday, hitting $24.60. The stock had a trading volume of 423,448 shares, compared to its average volume of 309,431. The company has a market capitalization of $810.20, a price-to-earnings ratio of 33.70 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 5.55 and a current ratio of 7.98. IXYS has a one year low of $11.52 and a one year high of $24.96.

In other news, Director Samuel Kory sold 108,750 shares of the stock in a transaction that occurred on 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 available at the SEC website. Also, Director Timothy A. Richardson sold 35,801 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $23.78, for a total value of $851,347.78. Following the transaction, the director now owns 15,801 shares in the company, valued at approximately $375,747.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,651 shares of company stock worth $3,765,144. 23.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in IXYS. Voya Investment Management LLC increased its stake in shares of IXYS by 21.0% during the second quarter. Voya Investment Management LLC now owns 13,122 shares of the semiconductor producer’s stock worth $216,000 after purchasing an additional 2,279 shares during the period. Aperio Group LLC bought a new position in IXYS during the 3rd quarter worth $226,000. ETF Managers Group LLC bought a new position in IXYS during the 2nd quarter worth $263,000. C M Bidwell & Associates Ltd. bought a new position in IXYS during the 2nd quarter worth $269,000. Finally, Stevens Capital Management LP bought a new position in IXYS during the 3rd quarter worth $279,000. Institutional investors own 63.00% of the company’s stock.

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About IXYS

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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