IXYS Corp. (Nasdaq: IXYS) - the microchip firm that's one of our four favorite ways to cash in on the "drone boom" - just keeps climbing.
Shares of IXYS - which makes controller chips that serve as a "brain" for unmanned aerial vehicles (UAV) - zoomed more than 7% in afternoon trading today after the company reported strong sales and earnings, projected strong results to come and revealed that it bought back shares in March.
With today's surge, we're up nearly 37%.
I like this stock because it gives us a direct way to profit from the still-in-its-infancy boom in drones, a market that surged 60% last year on a global basis, according to market researcher Gartner.
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