Several other research firms have also recently commented on XCRA. B. Riley restated a neutral rating and issued a $10.25 price target on shares of Xcerra Corporation in a report on Thursday, June 1st. BidaskClub cut Xcerra Corporation from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Stifel Nicolaus lowered Xcerra Corporation from a buy rating to a hold rating and lifted their price objective for the company from $10.00 to $10.25 in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Xcerra Corporation has an average rating of Hold and a consensus target price of $10.40.
Xcerra Corporation (XCRA) traded up 1.54% on Friday, reaching $9.87. 1,043,328 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $9.56 and a 200-day moving average price of $9.53. Xcerra Corporation has a 1-year low of $5.32 and a 1-year high of $10.01. The company has a market capitalization of $535.54 million, a PE ratio of 24.07 and a beta of 1.60.
Xcerra Corporation (NASDAQ:XCRA) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. The company had revenue of $126.93 million during the quarter, compared to analysts’ expectations of $106.97 million. Xcerra Corporation had a return on equity of 9.08% and a net margin of 5.77%. On average, equities research analysts anticipate that Xcerra Corporation will post $0.75 earnings per share for the current year.
In other news, VP Pascal Ronde sold 50,000 shares of Xcerra Corporation stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.74, for a total value of $487,000.00. Following the transaction, the vice president now directly owns 317,250 shares of the company’s stock, valued at approximately $3,090,015. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. acquired a new position in Xcerra Corporation during the 1st quarter worth approximately $761,000. Citadel Advisors LLC lifted its position in Xcerra Corporation by 26.3% during the 1st quarter. Citadel Advisors LLC now owns 93,463 shares of the semiconductor company’s stock worth $831,000 after acquiring an additional 19,451 shares in the last quarter. Morgan Stanley lifted its position in Xcerra Corporation by 64.2% during the 1st quarter. Morgan Stanley now owns 322,284 shares of the semiconductor company’s stock worth $2,865,000 after acquiring an additional 126,054 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Xcerra Corporation by 22.2% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 934,152 shares of the semiconductor company’s stock worth $8,305,000 after acquiring an additional 169,594 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Xcerra Corporation by 621.8% during the 2nd quarter. SG Americas Securities LLC now owns 106,309 shares of the semiconductor company’s stock worth $1,039,000 after acquiring an additional 91,581 shares in the last quarter. 86.28% of the stock is currently owned by hedge funds and other institutional investors.
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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