State Street Corp Lowers Holdings in Xcerra Corp (XCRA)

State Street Corp lessened its stake in shares of Xcerra Corp (NASDAQ:XCRA) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,056,491 shares of the semiconductor company’s stock after selling 11,873 shares during the period. State Street Corp owned 1.95% of Xcerra worth $10,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Balyasny Asset Management LLC raised its holdings in Xcerra by 6.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 870 shares during the period. Voya Investment Management LLC raised its holdings in Xcerra by 11.0% in the 2nd quarter. Voya Investment Management LLC now owns 30,601 shares of the semiconductor company’s stock valued at $299,000 after buying an additional 3,022 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Xcerra by 24.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 3,400 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in Xcerra by 9.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 38,338 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 3,444 shares during the period. Finally, KCG Holdings Inc. raised its holdings in Xcerra by 30.8% in the 1st quarter. KCG Holdings Inc. now owns 16,032 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 3,774 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

XCRA has been the topic of several research analyst reports. ValuEngine upgraded shares of Xcerra from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Needham & Company LLC restated a “hold” rating on shares of Xcerra in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Xcerra from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Saturday. Finally, B. Riley reiterated a “neutral” rating and set a $10.25 price target on shares of Xcerra in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.40.

Xcerra Corp (NASDAQ XCRA) opened at $9.86 on Wednesday. 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 capitalization of $538.91, a P/E ratio of 12.16, a P/E/G ratio of 0.63 and a beta of 1.58. Xcerra Corp has a fifty-two week low of $6.67 and a fifty-two week high of $10.15.

Xcerra (NASDAQ:XCRA) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $120.29 million during the quarter, compared to the consensus estimate of $108.30 million. equities analysts anticipate that Xcerra Corp will post 0.97 EPS for the current fiscal year.

In other news, VP Pascal Ronde sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $9.74, for a total transaction of $487,000.00. Following the completion of the sale, the vice president now owns 317,250 shares in the company, valued at $3,090,015. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Xcerra (NASDAQ:XCRA)

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