California Public Employees Retirement System raised its position in shares of Xcerra Corporation (NASDAQ:XCRA) by 6.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 187,900 shares of the semiconductor company’s stock after purchasing an additional 11,700 shares during the quarter. California Public Employees Retirement System owned 0.35% of Xcerra Corporation worth $1,836,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in Xcerra Corporation during the 2nd quarter valued at about $106,000. SG Americas Securities LLC bought a new stake in Xcerra Corporation during the 1st quarter valued at about $131,000. KCG Holdings Inc. increased its stake in Xcerra Corporation by 30.8% during the 1st quarter. KCG Holdings Inc. now owns 16,032 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 3,774 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Xcerra Corporation during the 2nd quarter valued at about $161,000. Finally, UBS Asset Management Americas Inc. increased its stake in Xcerra Corporation by 24.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.
A number of analysts have weighed in on XCRA shares. BidaskClub lowered shares of Xcerra Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. B. Riley reaffirmed a “neutral” rating and set a $10.25 price target on shares of Xcerra Corporation in a report on Monday, August 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Xcerra Corporation in a report on Friday, September 1st. ValuEngine raised shares of Xcerra Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of 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 equities research analyst has rated the stock with a sell rating, six have given 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 target price of $10.40.
In other Xcerra Corporation news, VP Pascal Ronde sold 50,000 shares of Xcerra Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $9.74, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by insiders.
Xcerra Corporation (XCRA) opened at $9.79 on Monday. The company has a quick ratio of 2.78, a current ratio of 3.61 and a debt-to-equity ratio of 0.06. The stock has a market cap of $532.15, a P/E ratio of 19.98, a P/E/G ratio of 0.88 and a beta of 1.60. Xcerra Corporation has a 1-year low of $5.87 and a 1-year high of $10.01.
Xcerra Corporation (NASDAQ:XCRA) last posted its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Xcerra Corporation had a net margin of 5.77% and a return on equity of 9.08%. The company had revenue of $126.93 million for the quarter, compared to the consensus estimate of $106.97 million. analysts expect that Xcerra Corporation will post 0.69 EPS for the current year.
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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