Wells Fargo & Company MN increased its stake in shares of Xcerra (NASDAQ:XCRA) by 188.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,186 shares of the semiconductor company’s stock after buying an additional 115,064 shares during the period. Wells Fargo & Company MN’s holdings in Xcerra were worth $1,725,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of XCRA. Bank of New York Mellon Corp increased its holdings in Xcerra by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 278,636 shares of the semiconductor company’s stock worth $2,744,000 after buying an additional 54,151 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Xcerra by 110.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 218,127 shares of the semiconductor company’s stock worth $2,149,000 after purchasing an additional 114,535 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Xcerra by 13.8% in the third quarter. California Public Employees Retirement System now owns 213,761 shares of the semiconductor company’s stock worth $2,106,000 after purchasing an additional 25,861 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Xcerra in the third quarter worth about $398,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Xcerra in the fourth quarter worth about $206,000. Institutional investors and hedge funds own 83.13% of the company’s stock.
Several research firms have recently weighed in on XCRA. BidaskClub downgraded shares of Xcerra from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of Xcerra from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. ValuEngine upgraded shares of Xcerra from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. DA Davidson upgraded shares of Xcerra from a “neutral” rating to a “buy” rating and set a $10.25 target price for the company in a research note on Friday, February 23rd. Finally, B. Riley reiterated a “buy” rating and issued a $15.00 target price on shares of Xcerra in a research note on Wednesday, March 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.63.
XCRA opened at $12.51 on Tuesday. The stock has a market capitalization of $669.41, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 3.59. Xcerra has a twelve month low of $9.05 and a twelve month high of $12.56.
Xcerra (NASDAQ:XCRA) last posted its earnings results on Thursday, February 22nd. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm 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%. The company’s revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. equities research analysts anticipate that Xcerra will post 0.99 EPS for the current fiscal year.
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Xcerra Company Profile
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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