Here is the rundown on market activity for IXYS Corporation (NASDAQ:IXYS). Samuel Kory, Director disclosed the sale of 10,400 shares. The shares were purchased at an average price of $16.51. The Director now owns $185,738 of the stock per the Form 4 SEC filing. Director James M. Thorburn let go of 20,000 shares at an average price of $16.41 on June 8th. That brings the Director’s holdings to $84,873 as reported to the SEC.
Samuel Kory, Director reported the sale of 9,600 shares of (IXYS). The shares were sold on June 8th for an average price of $16.50. Kory now owns $185,625 of the stock according to the SEC filing.
IXYS Corporation (IXYS), launched on April 4, 1995, is a multi-market integrated semiconductor company. The Company is involved 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. Its power semiconductor products are divided into two primary categories: power metal-oxide-silicon (MOS) and power bipolar products. Its IC’s include microcontrollers, solid-state relays (SSRs), line card access switch (LCAS) and data access arrangements (DAA) integrated products, application specific integrated circuits, and power management and control ICs. The Business’s power semiconductors are used primarily to control electricity in power conversion systems, including uninterruptible power supplies (UPS) and switch-mode power supplies (SMPS), for applications, such as communications infrastructure, including wireless base stations, network servers and telecommunication switching stations; motor drives for industrial applications, such as industrial transportation, robotics, automation and process control equipment; medical electronics for applications, such as defibrillators and magnetic resonance imaging (MRI) equipment, and renewable energy sources, such as wind turbines and solar systems..
Here are a few other firms who have also updated their positions. As of quarter end Morgan Stanley had sold a total of 264 shares trimming its holdings by 20.3%. The value of the investment in IXYS Corporation decreased from $15,000 to $15,000 decreasing 0.0% since the last quarter. As of quarter end Goldman Sachs Group Inc had bought 1,417 shares growing its stake by 8.6%. The value of the investment in (IXYS) went from $197,000 to $261,000 a change of $64,000 quarter over quarter.
Macquarie Group Ltd cut its ownership by selling 13,438 shares a decrease of 31.2% in the quarter. Macquarie Group Ltd controls 29,700 shares worth $432,000. The value of the position overall is down by 15.8%. Discovery Group I, LLC reduced its investment by shedding 65,198 shares a decrease of 5.6%. Discovery Group I, LLC now controls 1,098,243 shares with a value of $15,979,000. The total value of its holdings increased 15.4%.
In the market the company is trading down since yesterday’s close of $16.45. The stock is trading at $16.35 a bit higher than the 50 day moving average which is $14.66 and which is just a bit higher than the 200 day moving average of $13.13. The 50 day moving average went up by +11.54% and the 200 day average went up by +24.49%.
The most current P/E ratio is 28.19 and the market value is 516.84M. As of the last earnings report the EPS was $0.58 and is projected to be $0.85 for the current year with 31,611,000 shares currently outstanding. Next quarter’s EPS is expected be $0.19 and the next full year EPS is anticipated to be $0.97.
Short traders are feeling a little more bullish on shares of the company of late if you watch the decrease in short interest. The company realized a fall in short interest of -14.48% as of April 28, 2017 from the last reporting period. Short shares fell 18,806 over that period. Days to cover decreased -0.6 to 1.0 and the percentage of shorted shares is 0.00% as of April 28.