International Rectifier Corp. was the biggest mover on the New York Stock Exchange on Friday after reporting it moved from a loss to a better-than-expected profit in its fiscal first quarter due to increased semiconductor sales.

The El Segundo company late Thursday reported net income of $33.9 million (47 cents per share) for the quarter ended Sept. 26, compared with a loss of $16.9 million (-24 cents) a year earlier. Revenue rose 57 percent to nearly $281 million on increased sales of its power management chips for satellites and aircraft.

“Strength in the industrial and automotive markets was more than enough to offset weakness in the notebook and consumer markets,” Chief Executive Oleg Khaykin said in a statement.

Analysts surveyed by Thomson Reuters on average expected per-share profit of 36 cents on revenue of $278 million. Two analysts upgraded their recommendations on the stock. Citigroup analyst Terence Whalen raised his rating from “sell” to “hold” and raised his 12-month price target from $17 to $28.

Raymond James analyst J. Steven Smigie upped his rating from “market perform” to “outperform.” “We believe management is moving in the right direction and will continue to execute despite a challenging macroeconomic backdrop.” Smigie said in a note to clients.

Shares peaked at $28.26, the highest price in nearly three years, then closed at $27.50, up 10.5 percent.