Xcerra Corp. (XCRA) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. cut its stake in shares of Xcerra Corp. (NASDAQ:XCRA) by 26.9% during the second quarter, Holdings Channel reports. The firm owned 878,357 shares of the company’s stock after selling 323,821 shares during the period. Ameriprise Financial Inc. owned about 1.64% of Xcerra Corp. worth $5,051,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Xcerra Corp. by 38.7% in the first quarter. JPMorgan Chase & Co. now owns 3,310,614 shares of the company’s stock valued at $21,585,000 after buying an additional 924,000 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Xcerra Corp. during the second quarter valued at approximately $3,791,000. Adirondack Research & Management Inc. increased its stake in Xcerra Corp. by 115.6% in the first quarter. Adirondack Research & Management Inc. now owns 599,813 shares of the company’s stock valued at $3,911,000 after buying an additional 321,578 shares during the last quarter. Kalmar Investments Inc. DE increased 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 last quarter. Finally, Foundry Partners LLC increased its stake in Xcerra Corp. by 26.9% in the second quarter. Foundry Partners LLC now owns 420,305 shares of the company’s stock valued at $2,417,000 after buying an additional 89,175 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.
Xcerra Corp. (NASDAQ:XCRA) traded down 0.52% on Friday, reaching $5.78. 234,372 shares of the company traded hands. Xcerra Corp. has a one year low of $4.93 and a one year high of $7.60. The stock’s 50 day moving average price is $5.82 and its 200 day moving average price is $6.01. The company has a market capitalization of $312.01 million, a PE ratio of 27.79 and a beta of 1.40.
Xcerra Corp. (NASDAQ:XCRA) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The business earned $91.23 million during the quarter, compared to analysts’ expectations of $91.76 million. Xcerra Corp. had a net margin of 4.03% and a return on equity of 0.96%. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. On average, equities research analysts predict that Xcerra Corp. will post $0.18 EPS for the current fiscal year.
Several equities research analysts have recently commented on XCRA shares. Zacks Investment Research downgraded shares of Xcerra Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. B. Riley reissued a “buy” rating and set a $8.25 target price on shares of Xcerra Corp. in a research report on Friday, August 26th. Finally, DA Davidson reissued a “buy” rating and set a $10.00 target price on shares of Xcerra Corp. in a research report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Xcerra Corp. has a consensus rating of “Hold” and a consensus price target of $8.06.
About Xcerra Corp.
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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