IXYS Corp. (IXYS) stock climb on projections, new product

IXYS Corp. (Nasdaq: IXYS) shares climbed $2.04, or 16.5% to $14.40, after one of the computer-chip maker’s subsidiaries introduced the industry’s first monolithic high-voltage isolated analog switch array.

Clare, Inc. today announced the availability of the CPC7514Z Quad High-Voltage Isolated Analog Switch Array for use in industrial controls, instrumentation, automatic test equipment and telecom applications. The CPC7514Z integrated circuit (IC) features four independently controlled, 320V bidirectional normally open (1-Form-A) relays actuated by latched TTL logic-level control signals.

IXYS Corporation CEO Dr. Nathan Zommer commented, “With the combination of our Zilog MCUs as the digital brain, our customers can achieve full digital control for advanced power management.”

As for the parent company, IXYS announced Wednesday preliminary estimates for the fourth quarter of fiscal year 2011, which ended on March 31. Net revenues for the fourth quarter are expected to be in the range of $95 million to $97 million. This would mark another record revenue quarter for IXYS, as well as the seventh consecutive quarter of revenue growth.

Revenues for the fiscal year ended March 31, 2011 are estimated to be in the range of $362 million to $364 million.

Since its founding in Silicon Valley, IXYS Corporation has been developing technology-driven products to improve energy conversion efficiency, generate clean energy, improve automation, and provide advanced products for the transportation, medical and telecommunications industries.

Tags: buzz stocks, IXYS, nasdaq, technology, Technology Stocks

This entry was posted on Thursday, April 21st, 2011 at 3:51 pm by Glenn and is filed under Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.