California Public Employees Retirement System Sells 6,500 Shares of Xcerra Corp. (XCRA)
California Public Employees Retirement System lowered its stake in shares of Xcerra Corp. (NASDAQ:XCRA) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 206,500 shares of the company’s stock after selling 6,500 shares during the period. California Public Employees Retirement System owned approximately 0.39% of Xcerra Corp. worth $1,187,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new stake in Xcerra Corp. during the second quarter valued at $3,791,000. Kalmar Investments Inc. DE boosted its stake in Xcerra Corp. by 25.6% in the second quarter. Kalmar Investments Inc. DE now owns 685,670 shares of the company’s stock valued at $3,943,000 after buying an additional 139,754 shares during the period. Emerald Advisers Inc. PA boosted its stake in Xcerra Corp. by 8.1% in the second quarter. Emerald Advisers Inc. PA now owns 132,252 shares of the company’s stock valued at $760,000 after buying an additional 9,923 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Xcerra Corp. by 15.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 60,088 shares of the company’s stock valued at $346,000 after buying an additional 8,116 shares during the period. Finally, Genesee Valley Trust Co. boosted its stake in Xcerra Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 19,590 shares of the company’s stock valued at $113,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.
Xcerra Corp. (NASDAQ:XCRA) traded down 0.52% on Friday, reaching $5.78. The company had a trading volume of 234,372 shares. The company has a market capitalization of $312.01 million, a P/E ratio of 27.79 and a beta of 1.40. Xcerra Corp. has a 52 week low of $4.93 and a 52 week high of $7.60. The stock’s 50-day moving average is $5.82 and its 200-day moving average is $6.01.
Xcerra Corp. (NASDAQ:XCRA) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Xcerra Corp. had a return on equity of 0.96% and a net margin of 4.03%. The company had revenue of $91.23 million for the quarter, compared to analysts’ expectations of $91.76 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. Equities research analysts forecast that Xcerra Corp. will post $0.18 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Xcerra Corp. from a “hold” rating to a “sell” rating in a report on Wednesday. B. Riley restated a “buy” rating and issued a $7.75 target price on shares of Xcerra Corp. in a research note on Monday, September 5th. Finally, DA Davidson restated a “buy” rating and issued a $10.00 target price on shares of Xcerra Corp. in a research note on Monday, August 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.06.
Xcerra Corp. Company Profile
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.
Want to see what other hedge funds are holding XCRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcerra Corp. (NASDAQ:XCRA).
Receive News & Ratings for Xcerra Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcerra Corp. and related companies with MarketBeat.com's FREE daily email newsletter.