Update: IXYS Corporation's Q2 Earnings Show Solid Sales, Rising EPS And Bookings
- Revenue rose 23.7% Y/Y, boosted by acquisition of Samsung’s microcontroller business, EPS increased to $0.11 from $0.06 while gross margin fell slightly to 28.4% but bookings improved.
- I am reiterating my long thesis, raising the target price due to improving operating results to $13 per share, offering a ~13% upside within 12 months. Volatility likely to continue.
- The long thesis has worked almost precisely, with the stock currently trading at my target price.