Shares of

IXYS

(SYXI)

were getting hammered Tuesday after the maker of semiconductors and integrated circuits said quarterly revenue will drop sequentially.

The Santa Clara, Calif., company said revenue for the quarter ended June 30 will be about $63 million, down from revenue in the previous quarter of $69 million.

"Our streak of thirteen consecutive quarters of increasing revenues has ended," the company said in a press release. "Given our exceptional growth in revenues over the past 3 years, it is not all that surprising that a correction occurred."

The company said that compared with the March quarter, June quarter revenue in Europe weakened, and to a lesser extent, sales to the plasma display panel market declined.

IXYS was down $3.33, or 22%, to $11.67. Trading volume was almost five times the daily average.