Parametric Portfolio Associates LLC Cuts Position in Xcerra Corporation (XCRA)

Parametric Portfolio Associates LLC reduced its position in Xcerra Corporation (NASDAQ:XCRA) by 71.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,799 shares of the semiconductor company’s stock after selling 119,464 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.09% of Xcerra worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. California Public Employees Retirement System raised its position in shares of Xcerra by 6.6% in the 2nd quarter. California Public Employees Retirement System now owns 187,900 shares of the semiconductor company’s stock worth $1,836,000 after buying an additional 11,700 shares during the period. Vanguard Group Inc. raised its position in shares of Xcerra by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,564,821 shares of the semiconductor company’s stock worth $25,057,000 after buying an additional 79,201 shares during the period. Northern Trust Corp raised its position in shares of Xcerra by 6.7% in the 2nd quarter. Northern Trust Corp now owns 1,145,965 shares of the semiconductor company’s stock worth $11,196,000 after buying an additional 71,937 shares during the period. Citigroup Inc. raised its position in shares of Xcerra by 173.3% in the 2nd quarter. Citigroup Inc. now owns 46,708 shares of the semiconductor company’s stock worth $456,000 after buying an additional 29,618 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Xcerra by 24.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock worth $167,000 after buying an additional 3,400 shares during the period. 86.82% of the stock is currently owned by institutional investors and hedge funds.

In other Xcerra news, VP Pascal Ronde sold 50,000 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Several research analysts recently weighed in on XCRA shares. Zacks Investment Research raised Xcerra from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, September 2nd. ValuEngine raised Xcerra from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. B. Riley reaffirmed a “hold” rating and issued a $10.25 target price on shares of Xcerra in a research report on Saturday, September 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Xcerra in a research report on Friday, September 1st. Finally, BidaskClub lowered Xcerra from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.40.

Xcerra Corporation (NASDAQ XCRA) opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.61 and a quick ratio of 2.78. Xcerra Corporation has a 52-week low of $6.26 and a 52-week high of $10.01. The company has a market capitalization of $538.37, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.60.

Xcerra (NASDAQ:XCRA) last released its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. Xcerra had a return on equity of 9.08% and a net margin of 5.77%. The company had revenue of $126.93 million for the quarter, compared to analyst estimates of $106.97 million. equities research analysts anticipate that Xcerra Corporation will post 0.69 EPS for the current fiscal year.

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Xcerra Company Profile

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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Institutional Ownership by Quarter for Xcerra (NASDAQ:XCRA)

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