Shares of Xcerra Corp. (NASDAQ:XCRA) dropped 4.5% on Tuesday . The company traded as low as $5.89 and last traded at $5.89, with a volume of 62,799 shares trading hands. The stock had previously closed at $6.17.

XCRA has been the topic of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Xcerra Corp. in a research note on Tuesday, June 7th. B. Riley reissued a “buy” rating and issued a $8.25 target price on shares of Xcerra Corp. in a research note on Sunday, June 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Xcerra Corp. presently has an average rating of “Buy” and an average target price of $8.69.

The company’s 50-day moving average price is $6.07 and its 200-day moving average price is $5.92. The stock has a market cap of $309.91 million and a PE ratio of 27.31.

In other Xcerra Corp. news, VP Pascal Ronde sold 30,000 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $6.63, for a total value of $198,900.00. Following the completion of the sale, the vice president now owns 221,250 shares in the company, valued at $1,466,887.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Other hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Xcerra Corp. by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,434 shares of the company’s stock worth $12,212,000 after buying an additional 67,327 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Xcerra Corp. by 14.0% in the fourth quarter. State of Wisconsin Investment Board now owns 570,000 shares of the company’s stock worth $3,448,000 after buying an additional 70,000 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Xcerra Corp. by 16.4% in the fourth quarter. Nationwide Fund Advisors now owns 287,707 shares of the company’s stock worth $1,741,000 after buying an additional 40,642 shares in the last quarter.

Xcerra Corporation, formerly LTX-Credence Corporation, is engaged in providing 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, Printed Circuit Board (PCB) Test, Probes/Pins and Fixtures.

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