Adirondack Research & Management Inc. lessened its stake in Xcerra Corp (NASDAQ:XCRA) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,635 shares of the semiconductor company’s stock after selling 46,179 shares during the period. Adirondack Research & Management Inc. owned about 0.49% of Xcerra worth $2,646,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in XCRA. Dimensional Fund Advisors LP lifted its holdings in Xcerra by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,023,104 shares of the semiconductor company’s stock worth $29,536,000 after purchasing an additional 47,037 shares during the period. CNH Partners LLC bought a new stake in Xcerra in the second quarter worth about $26,633,000. Vanguard Group Inc. raised its position in Xcerra by 3.2% in the second quarter. Vanguard Group Inc. now owns 2,564,821 shares of the semiconductor company’s stock worth $25,057,000 after acquiring an additional 79,201 shares in the last quarter. Paulson & CO. Inc. bought a new stake in Xcerra in the second quarter worth about $24,655,000. Finally, Paradigm Capital Management Inc. NY raised its position in Xcerra by 15.1% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,716,500 shares of the semiconductor company’s stock worth $16,770,000 after acquiring an additional 225,400 shares in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.
In other Xcerra news, VP Pascal Ronde sold 50,000 shares of the 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 owns 317,250 shares of the company’s stock, valued at $3,090,015. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Xcerra from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Saturday. B. Riley reiterated a “hold” rating and set a $10.25 price target on shares of Xcerra in a report on Saturday, September 2nd. ValuEngine upgraded Xcerra from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Xcerra in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Xcerra presently has a consensus rating of “Hold” and a consensus price target of $10.40.
Shares of Xcerra Corp (NASDAQ:XCRA) traded down $0.06 during mid-day trading on Monday, hitting $9.85. The stock had a trading volume of 613,739 shares, compared to its average volume of 491,313. The company has a market capitalization of $542.47, a PE ratio of 12.24, a PEG ratio of 0.64 and a beta of 1.58. Xcerra Corp has a 12 month low of $6.61 and a 12 month high of $10.15. The company has a quick ratio of 2.78, a current ratio of 3.61 and a debt-to-equity ratio of 0.06.
Xcerra (NASDAQ:XCRA) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.14. Xcerra had a return on equity of 15.06% and a net margin of 9.30%. The business had revenue of $120.29 million for the quarter, compared to analysts’ expectations of $108.30 million. equities research analysts forecast that Xcerra Corp will post 0.97 earnings per share for the current year.
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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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