Shell Asset Management Co. cut its stake in shares of IXYS Corp. (NASDAQ:IXYS) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,351 shares of the company’s stock after selling 4,124 shares during the period. Shell Asset Management Co.’s holdings in IXYS Corp. were worth $742,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of IXYS Corp. by 31.6% in the first quarter. Aperio Group LLC now owns 25,786 shares of the company’s stock valued at $289,000 after buying an additional 6,188 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of IXYS Corp. by 93.5% in the first quarter. JPMorgan Chase & Co. now owns 1,325,925 shares of the company’s stock valued at $14,877,000 after buying an additional 640,644 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of IXYS Corp. during the first quarter valued at $178,000. Geode Capital Management LLC increased its position in shares of IXYS Corp. by 4.2% in the first quarter. Geode Capital Management LLC now owns 270,746 shares of the company’s stock valued at $3,037,000 after buying an additional 10,934 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of IXYS Corp. by 14.0% in the first quarter. Renaissance Technologies LLC now owns 225,400 shares of the company’s stock valued at $2,529,000 after buying an additional 27,728 shares during the last quarter. 63.75% of the stock is owned by hedge funds and other institutional investors.
Shares of IXYS Corp. (NASDAQ:IXYS) traded down 0.76% on Friday, reaching $11.79. 48,898 shares of the company traded hands. The firm has a 50-day moving average of $11.74 and a 200-day moving average of $11.20. The company has a market capitalization of $370.89 million, a PE ratio of 25.57 and a beta of 1.30. IXYS Corp. has a 52-week low of $9.59 and a 52-week high of $14.00.
IXYS Corp. (NASDAQ:IXYS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $80.64 million for the quarter, compared to analyst estimates of $79.93 million. IXYS Corp. had a net margin of 4.68% and a return on equity of 7.15%. IXYS Corp.’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. On average, equities research analysts forecast that IXYS Corp. will post $0.72 earnings per share for the current fiscal year.
In other news, Director Timothy A. Richardson sold 9,913 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $12.00, for a total transaction of $118,956.00. Following the transaction, the director now directly owns 9,913 shares of the company’s stock, valued at $118,956. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 25.60% of the company’s stock.
IXYS Corp. 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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