Xcerra (XCRA) Short Interest Down 31.6% in March

Xcerra (NASDAQ:XCRA) was the target of a large decline in short interest during the month of March. As of March 29th, there was short interest totalling 879,226 shares, a decline of 31.6% from the March 15th total of 1,285,968 shares. Based on an average trading volume of 1,154,047 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.7% of the shares of the company are sold short.

NASDAQ:XCRA opened at $12.19 on Friday. Xcerra has a 12-month low of $9.05 and a 12-month high of $12.30. The company has a market cap of $661.17, a P/E ratio of 24.88, a P/E/G ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 3.59, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

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Xcerra (NASDAQ:XCRA) last released 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. Xcerra had a return on equity of 16.22% and a net margin of 9.85%. The business had revenue of $110.28 million during the quarter, compared to analyst estimates of $106.82 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 37.6% compared to the same quarter last year. equities analysts expect that Xcerra will post 0.99 EPS for the current fiscal year.

A number of brokerages have recently weighed in on XCRA. B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of Xcerra in a report on Wednesday, March 21st. BidaskClub upgraded Xcerra from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 4th. ValuEngine upgraded Xcerra from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered Xcerra from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Two 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’s stock. Xcerra presently has a consensus rating of “Buy” and an average target price of $11.63.

A number of large investors have recently added to or reduced their stakes in XCRA. Bank of New York Mellon Corp boosted its position in Xcerra by 24.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 278,636 shares of the semiconductor company’s stock valued at $2,744,000 after purchasing an additional 54,151 shares during the period. Wells Fargo & Company MN boosted its position in Xcerra by 50.8% during the 3rd quarter. Wells Fargo & Company MN now owns 61,122 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 20,586 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Xcerra by 110.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 218,127 shares of the semiconductor company’s stock worth $2,149,000 after acquiring an additional 114,535 shares during the period. California Public Employees Retirement System boosted its position in Xcerra by 13.8% during the 3rd quarter. California Public Employees Retirement System now owns 213,761 shares of the semiconductor company’s stock worth $2,106,000 after acquiring an additional 25,861 shares during the period. Finally, Algert Global LLC acquired a new position in Xcerra during the 3rd quarter worth $1,864,000. Institutional investors and hedge funds own 82.43% of the company’s stock.

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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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