Wells Fargo & Company MN lowered its stake in Xcerra Corporation (NASDAQ:XCRA) by 21.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,536 shares of the semiconductor company’s stock after selling 11,086 shares during the period. Wells Fargo & Company MN owned approximately 0.07% of Xcerra Corporation worth $396,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. bought a new position in Xcerra Corporation in the second quarter valued at about $106,000. KCG Holdings Inc. grew its position in Xcerra Corporation by 30.8% in the first quarter. KCG Holdings Inc. now owns 16,032 shares of the semiconductor company’s stock valued at $143,000 after acquiring an additional 3,774 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in Xcerra Corporation in the second quarter valued at about $161,000. Tudor Investment Corp ET AL grew its position in Xcerra Corporation by 16.3% in the first quarter. Tudor Investment Corp ET AL now owns 28,758 shares of the semiconductor company’s stock valued at $256,000 after acquiring an additional 4,025 shares during the last quarter. Finally, American International Group Inc. grew its position in Xcerra Corporation by 7.1% in the first quarter. American International Group Inc. now owns 32,582 shares of the semiconductor company’s stock valued at $290,000 after acquiring an additional 2,148 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.
XCRA has been the topic of a number of recent analyst reports. ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corporation in a research report on Friday, September 1st. BidaskClub cut Xcerra Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. B. Riley reiterated a “hold” rating and issued a $10.25 target price on shares of Xcerra Corporation in a research report on Saturday, September 2nd. Finally, Zacks Investment Research upgraded Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.40.
In related news, VP Pascal Ronde sold 50,000 shares of Xcerra Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $9.74, for a total value of $487,000.00. Following the transaction, the vice president now directly owns 317,250 shares of the company’s stock, valued at $3,090,015. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by insiders.
Shares of Xcerra Corporation (NASDAQ XCRA) opened at $9.83 on Wednesday. The firm has a market capitalization of $529.71, a PE ratio of 19.98, a PEG ratio of 0.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 3.61. Xcerra Corporation has a twelve month low of $6.26 and a twelve month high of $10.01.
Xcerra Corporation (NASDAQ:XCRA) last posted its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.06. The company had revenue of $126.93 million for the quarter, compared to analyst estimates of $106.97 million. Xcerra Corporation had a return on equity of 9.08% and a net margin of 5.77%. research analysts anticipate that Xcerra Corporation will post 0.69 EPS for the current year.
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About Xcerra Corporation
Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.
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