Alambic Investment Management L.P. boosted its position in shares of IXYS Co. (NASDAQ:IXYS) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,307 shares of the semiconductor producer’s stock after buying an additional 17,300 shares during the period. Alambic Investment Management L.P.’s holdings in IXYS were worth $1,838,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Hapanowicz & Associates Financial Services Inc purchased a new stake in shares of IXYS during the first quarter worth approximately $138,000. John G Ullman & Associates Inc. purchased a new stake in shares of IXYS during the first quarter worth approximately $281,000. Trexquant Investment LP purchased a new stake in shares of IXYS during the first quarter worth approximately $308,000. Oxford Asset Management purchased a new stake in shares of IXYS during the first quarter worth approximately $313,000. Finally, Prudential Financial Inc. raised its stake in shares of IXYS by 0.5% in the third quarter. Prudential Financial Inc. now owns 39,026 shares of the semiconductor producer’s stock worth $470,000 after buying an additional 210 shares during the last quarter. 62.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IXYS Co. (NASDAQ:IXYS) traded up 1.03% during trading on Thursday, hitting $14.65. The stock had a trading volume of 154,745 shares. IXYS Co. has a 52 week low of $9.59 and a 52 week high of $15.25. The company has a market capitalization of $463.10 million, a PE ratio of 25.26 and a beta of 0.97. The firm has a 50-day moving average price of $14.13 and a 200 day moving average price of $12.67.
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Separately, TheStreet upgraded IXYS from a “c+” rating to a “b-” rating in a research report on Friday, January 20th.
In related news, Director Donald L. Feucht sold 5,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $15.00, for a total transaction of $75,000.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $75,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director S Joon Lee sold 18,968 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $12.92, for a total value of $245,066.56. Following the sale, the director now owns 23,968 shares of the company’s stock, valued at $309,666.56. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock valued at $1,073,549 over the last 90 days. 25.60% of the stock is currently owned by company insiders.
IXYS 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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