Acadian Asset Management LLC lowered its stake in Xcerra Corporation (NASDAQ:XCRA) by 46.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,756 shares of the semiconductor company’s stock after selling 173,174 shares during the period. Acadian Asset Management LLC owned 0.36% of Xcerra Corporation worth $1,922,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Financial Inc. purchased a new position in Xcerra Corporation during the first quarter valued at about $761,000. Citadel Advisors LLC raised its position in Xcerra Corporation by 26.3% in the first quarter. Citadel Advisors LLC now owns 93,463 shares of the semiconductor company’s stock valued at $831,000 after buying an additional 19,451 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Xcerra Corporation by 22.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 934,152 shares of the semiconductor company’s stock valued at $8,305,000 after buying an additional 169,594 shares during the last quarter. American International Group Inc. raised its position in Xcerra Corporation by 7.1% in the first quarter. American International Group Inc. now owns 32,582 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 2,148 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Xcerra Corporation during the first quarter valued at about $121,000. Hedge funds and other institutional investors own 79.02% of the company’s stock.
Xcerra Corporation (NASDAQ XCRA) traded up 1.71% during mid-day trading on Friday, hitting $9.51. 638,742 shares of the stock traded hands. Xcerra Corporation has a 1-year low of $5.14 and a 1-year high of $10.01. The company has a 50-day moving average of $9.61 and a 200 day moving average of $9.30. The firm has a market capitalization of $516.08 million, a P/E ratio of 29.72 and a beta of 1.59.
Xcerra Corporation (NASDAQ:XCRA) last announced its earnings results on Thursday, June 1st. The semiconductor company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $103.64 million during the quarter, compared to the consensus estimate of $97.10 million. Xcerra Corporation had a return on equity of 6.63% and a net margin of 4.86%. On average, equities research analysts anticipate that Xcerra Corporation will post $0.43 EPS for the current year.
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XCRA has been the subject of several analyst reports. BidaskClub lowered shares of Xcerra Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stifel Nicolaus lowered shares of Xcerra Corporation from a “buy” rating to a “hold” rating and raised their price target for the stock from $10.00 to $10.25 in a report on Monday, May 15th. Zacks Investment Research lowered shares of Xcerra Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, B. Riley restated a “neutral” rating and set a $10.25 price target on shares of Xcerra Corporation in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Xcerra Corporation presently has an average rating of “Hold” and an average target price of $10.20.
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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