Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of IXYS Corp. (NASDAQ:IXYS) during the second quarter, Holdings Channel reports. The fund purchased 11,470 shares of the company’s stock, valued at approximately $118,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in IXYS Corp. by 14.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 49,291 shares of the company’s stock worth $505,000 after buying an additional 6,090 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in IXYS Corp. during the second quarter valued at about $129,000. Bank of New York Mellon Corp boosted its stake in IXYS Corp. by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 170,884 shares of the company’s stock valued at $1,752,000 after buying an additional 5,903 shares in the last quarter. American Century Companies Inc. boosted its stake in IXYS Corp. by 29.3% in the second quarter. American Century Companies Inc. now owns 30,869 shares of the company’s stock valued at $316,000 after buying an additional 6,999 shares in the last quarter. Finally, Strs Ohio boosted its stake in IXYS Corp. by 8.4% in the second quarter. Strs Ohio now owns 56,700 shares of the company’s stock valued at $581,000 after buying an additional 4,400 shares in the last quarter. 63.75% of the stock is currently owned by hedge funds and other institutional investors.
IXYS Corp. (NASDAQ:IXYS) traded down 0.456% during mid-day trading on Monday, reaching $11.995. 19,720 shares of the company traded hands. IXYS Corp. has a 52-week low of $9.59 and a 52-week high of $14.00. The company has a market capitalization of $377.34 million, a P/E ratio of 26.020 and a beta of 1.30. The stock has a 50 day moving average price of $11.66 and a 200-day moving average price of $11.20.
IXYS Corp. (NASDAQ:IXYS) last issued its earnings results on Thursday, July 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The business earned $80.64 million during 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 quarter in the prior year, the company earned $0.16 EPS. Analysts expect that IXYS Corp. will post $0.72 EPS for the current fiscal year.
In other news, Director Timothy A. Richardson sold 9,913 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $12.00, for a total value of $118,956.00. Following the transaction, the director now owns 9,913 shares in the company, valued at approximately $118,956. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 25.60% of the stock is owned by insiders.
About IXYS Corp.
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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