Paradigm Capital Management Inc. NY trimmed its position in Xcerra Corp (NASDAQ:XCRA) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,649,800 shares of the semiconductor company’s stock after selling 61,900 shares during the quarter. Xcerra makes up 1.4% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 29th largest position. Paradigm Capital Management Inc. NY owned about 3.01% of Xcerra worth $16,151,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in Xcerra in the 2nd quarter valued at about $106,000. Sii Investments Inc. WI bought a new position in Xcerra in the 3rd quarter valued at about $109,000. 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 acquiring an additional 870 shares during the period. LMR Partners LLP bought a new position in Xcerra in the 3rd quarter valued at about $144,000. Finally, 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 acquiring an additional 3,400 shares during the period. 84.19% of the stock is currently owned by institutional investors.
In other news, VP Pascal Ronde sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $9.96, for a total transaction of $298,800.00. Following the transaction, the vice president now directly owns 277,250 shares of the company’s stock, valued at $2,761,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.
Several research analysts have weighed in on XCRA shares. Zacks Investment Research raised shares of Xcerra from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, December 2nd. BidaskClub raised shares of Xcerra from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Finally, ValuEngine raised shares of Xcerra from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Xcerra presently has an average rating of “Hold” and an average price target of $10.40.
Xcerra Corp (XCRA) opened at $9.63 on Friday. The firm has a market cap of $528.52, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.83 and a beta of 1.65. The company has a quick ratio of 3.23, a current ratio of 4.27 and a debt-to-equity ratio of 0.05. Xcerra Corp has a fifty-two week low of $7.36 and a fifty-two week high of $10.15.
Xcerra (NASDAQ:XCRA) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.14. Xcerra had a net margin of 9.30% and a return on equity of 14.63%. The company had revenue of $120.29 million for the quarter, compared to analysts’ expectations of $108.30 million. equities research analysts anticipate that Xcerra Corp will post 0.97 earnings per share for the current year.
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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.
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