Pentwater Capital Management LP acquired a new position in shares of IXYS Co. (NASDAQ:IXYS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 349,657 shares of the semiconductor producer’s stock, valued at approximately $8,287,000. Pentwater Capital Management LP owned about 1.07% of IXYS as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Algert Global LLC purchased a new stake in shares of IXYS in the second quarter worth approximately $185,000. Voya Investment Management LLC increased its position in shares of IXYS by 21.0% during the second quarter. Voya Investment Management LLC now owns 13,122 shares of the semiconductor producer’s stock valued at $216,000 after acquiring an additional 2,279 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of IXYS during the third quarter valued at approximately $226,000. Goldman Sachs Group Inc. increased its position in shares of IXYS by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 17,942 shares of the semiconductor producer’s stock valued at $261,000 after acquiring an additional 1,417 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new stake in shares of IXYS during the second quarter valued at approximately $263,000. Institutional investors and hedge funds own 63.00% of the company’s stock.
In related news, Director Timothy A. Richardson sold 35,801 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $23.78, for a total value of $851,347.78. Following the sale, the director now owns 15,801 shares in the company, valued at $375,747.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James M. Thorburn sold 11,100 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $23.94, for a total value of $265,734.00. Following the completion of the sale, the director now owns 16,272 shares in the company, valued at approximately $389,551.68. The disclosure for this sale can be found here. Insiders sold 155,651 shares of company stock valued at $3,765,144 over the last ninety days. Corporate insiders own 23.60% of the company’s stock.
Shares of IXYS Co. (IXYS) traded up $0.05 during midday trading on Tuesday, reaching $24.00. The company’s stock had a trading volume of 353,132 shares, compared to its average volume of 247,500. IXYS Co. has a 1-year low of $11.10 and a 1-year high of $24.96. The company has a current ratio of 7.98, a quick ratio of 5.55 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $788.80, a price-to-earnings ratio of 32.88 and a beta of 0.68.
Separately, BidaskClub lowered IXYS from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd.
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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