IXYS (IXYS) Downgraded by BidaskClub to “Buy”

BidaskClub downgraded shares of IXYS (NASDAQ:IXYS) from a strong-buy rating to a buy rating in a research note released on Saturday.

Shares of IXYS (NASDAQ:IXYS) traded down $0.10 during midday trading on Friday, reaching $24.20. 238,292 shares of the company traded hands, compared to its average volume of 186,159. IXYS has a fifty-two week low of $11.05 and a fifty-two week high of $24.96. The firm has a market capitalization of $793.01, a price-to-earnings ratio of 28.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.98 and a quick ratio of 5.55.

In related news, Director Samuel Kory sold 108,750 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.35, for a total value of $2,648,062.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 23.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in IXYS. Magnetar Financial LLC acquired a new position in IXYS in the third quarter valued at approximately $30,818,000. Alpine Associates Management Inc. acquired a new position in IXYS in the third quarter valued at approximately $18,705,000. Pentwater Capital Management LP acquired a new position in IXYS in the third quarter valued at approximately $8,287,000. Gabelli Funds LLC acquired a new position in IXYS in the third quarter valued at approximately $7,508,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in IXYS in the third quarter valued at approximately $6,776,000. Institutional investors and hedge funds own 63.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “IXYS (IXYS) Downgraded by BidaskClub to “Buy”” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/03/ixys-ixys-downgraded-by-bidaskclub-to-buy.html.

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.

What are top analysts saying about IXYS Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for IXYS Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit