Wolverine Asset Management LLC reduced its stake in Xcerra (NASDAQ:XCRA) by 92.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,855 shares of the semiconductor company’s stock after selling 263,554 shares during the period. Wolverine Asset Management LLC’s holdings in Xcerra were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Xcerra by 5.5% during the fourth quarter. BlackRock Inc. now owns 3,822,403 shares of the semiconductor company’s stock valued at $37,421,000 after acquiring an additional 197,689 shares during the period. Alpine Associates Management Inc. raised its holdings in shares of Xcerra by 46.5% during the third quarter. Alpine Associates Management Inc. now owns 2,493,716 shares of the semiconductor company’s stock valued at $24,564,000 after acquiring an additional 792,100 shares during the period. State of Wisconsin Investment Board raised its holdings in shares of Xcerra by 94.7% during the fourth quarter. State of Wisconsin Investment Board now owns 1,226,995 shares of the semiconductor company’s stock valued at $12,012,000 after acquiring an additional 596,800 shares during the period. Alambic Investment Management L.P. raised its holdings in shares of Xcerra by 73.0% during the fourth quarter. Alambic Investment Management L.P. now owns 539,161 shares of the semiconductor company’s stock valued at $5,278,000 after acquiring an additional 227,571 shares during the period. Finally, Boothbay Fund Management LLC purchased a new position in Xcerra during the third quarter valued at approximately $3,552,000. 82.43% of the stock is owned by institutional investors.
A number of research analysts recently commented on the stock. BidaskClub raised shares of Xcerra from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of Xcerra in a research report on Wednesday, March 21st. Zacks Investment Research downgraded shares of Xcerra from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Craig Hallum raised shares of Xcerra from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus raised shares of Xcerra from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.35.
Shares of NASDAQ XCRA traded down $0.09 during trading hours on Friday, hitting $11.79. 750,906 shares of the stock were exchanged, compared to its average volume of 1,171,006. The company has a current ratio of 4.79, a quick ratio of 3.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $647.45, a P/E ratio of 24.06, a P/E/G ratio of 0.99 and a beta of 1.43. Xcerra has a one year low of $8.81 and a one year high of $12.08.
Xcerra (NASDAQ:XCRA) last posted its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.08. The business had revenue of $110.28 million during the quarter, compared to the consensus estimate of $106.82 million. Xcerra had a net margin of 9.85% and a return on equity of 16.22%. Xcerra’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. equities research analysts forecast that Xcerra will post 0.99 EPS for the current fiscal year.
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Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and power management devices.
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