Value Advisors
Long/short equity

Ixys: Bullish Outlook Following Best December Quarter Since 2010 Industry Spike

IXYS (NASDAQ:IXYS) released its 3rd quarter results on Wednesday. The December quarter is seasonally the weakest quarter for IXYS. It is usually a down quarter in revenues and margins due to the December shutdown.

Quarter highlights:

  1. Growth in all market segments
  2. Free Cash Flow $8M (EBITDA $10.5M)
  3. On track to $44M EBITDA for Fiscal 2014 (ending March 2014) - $65M expected for Fiscal 2015;
  4. Market Cap $367M;
  5. Net Cash $88.6M ;

This year December seasonality is masked by the Samsung MCU business acquisition that contributed to revenue. Yet, even when deducting the acquisition effect, growth came across all segments. As always with IXYS, Cash-Flow remained strong with EBITDA coming in at $10.5 million for the quarter (see our ...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details