Xcerra Corp (NASDAQ:XCRA) shares rose 7.5% during trading on Monday . The company traded as high as $11.47 and last traded at $11.47. Approximately 2,505,424 shares traded hands during mid-day trading, an increase of 158% from the average daily volume of 970,113 shares. The stock had previously closed at $10.67.
XCRA has been the subject of a number of research analyst reports. Craig Hallum upgraded Xcerra from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Stifel Nicolaus upgraded Xcerra from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research cut Xcerra from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. ValuEngine cut Xcerra from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, BidaskClub cut Xcerra from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.40.
The firm has a market capitalization of $585.94, a P/E ratio of 13.86, a PEG ratio of 0.90 and a beta of 1.58. The company has a current ratio of 4.27, a quick ratio of 3.23 and a debt-to-equity ratio of 0.05.
Xcerra (NASDAQ:XCRA) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.08. The business had revenue of $110.28 million during the quarter, compared to analysts’ expectations of $106.82 million. Xcerra had a return on equity of 16.69% and a net margin of 9.85%. The firm’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. equities analysts anticipate that Xcerra Corp will post 0.99 earnings per share for the current year.
In other Xcerra news, VP Pascal Ronde sold 30,000 shares of Xcerra stock in a transaction on Friday, January 5th. The stock was sold at an average price of $9.96, for a total transaction of $298,800.00. Following the completion of the transaction, the vice president now owns 277,250 shares in the company, valued at $2,761,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of XCRA. Sii Investments Inc. WI purchased a new position in shares of Xcerra in the third quarter worth $109,000. Paloma Partners Management Co purchased a new position in shares of Xcerra in the fourth quarter worth $137,000. LMR Partners LLP purchased a new position in shares of Xcerra in the third quarter worth $144,000. Ellington Management Group LLC purchased a new position in shares of Xcerra in the fourth quarter worth $157,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Xcerra in the fourth quarter worth $185,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
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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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