IXYS Corp. Reports Operating Results (10-K)

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Jun 11, 2010
IXYS Corp. (IXYS, Financial) filed Annual Report for the period ended 2010-03-31.

Ixys Corp. has a market cap of $271.1 million; its shares were traded at around $8.65 with and P/S ratio of 1.1. IXYS is in the portfolios of Columbia Wanger of Columbia Wanger Asset Management, Columbia Wanger of Columbia Wanger Asset Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

Highlight of Business Operations:

Our power semiconductor products have historically been divided into two primary categories, power MOS, or metal oxide silicon, and power bipolar products. Our power semiconductors are sold as individual units and are also packaged in high power modules that frequently consist of multiple semiconductor die. In our fiscal year ended March 31, 2010, or fiscal 2010, power semiconductors constituted approximately 72.3% of our revenues, which included 28.4% of revenues from power MOS transistors and 43.9% of revenues from bipolar products. References to revenues in this Annual Report on Form 10-K constitute references to net revenues, except where the context otherwise requires.

Our power semiconductor products have historically been divided into two primary categories: power MOS transistors and bipolar products. Our power semiconductors are sold separately and are also packaged in high power modules that frequently consist of multiple semiconductor dies. In fiscal 2010, power semiconductors constituted approximately 72.3% of our revenues, which included about 28.4% of revenues from power MOS transistors and about 43.9% of revenues from bipolar products. In fiscal year ended March 31, 2009, or fiscal 2009, power semiconductors constituted approximately 79.3% of our revenues, which included about 29.7% of revenues from power MOS transistors and about 49.6% of revenues from bipolar products. In fiscal year ended March 31, 2008, or fiscal 2008, power semiconductors constituted approximately 77.7% of our revenues, which included about 34.0% of revenues from power MOS transistors and about 43.7% of revenues from bipolar products.

Our integrated circuits address the demand for analog, mixed signal and digital interface solutions in the communication and other industries and include mixed signal application specific ICs, as designed for specific customers and as standard products, power management and control ICs and microcontrollers. ICs accounted for 19.8% of our revenues in fiscal 2010, 11.8% of our revenues in fiscal 2009 and 13.5% of our revenues in fiscal 2008.

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