Systematic Financial Management LP Has $10,824,000 Stake in Xcerra Corporation (XCRA)
Systematic Financial Management LP lowered its position in shares of Xcerra Corporation (NASDAQ:XCRA) by 6.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,416,778 shares of the company’s stock after selling 93,346 shares during the period. Systematic Financial Management LP’s holdings in Xcerra Corporation were worth $10,824,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust raised its position in Xcerra Corporation by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 61,287 shares of the company’s stock worth $371,000 after buying an additional 1,199 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Xcerra Corporation by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 69,722 shares of the company’s stock valued at $424,000 after buying an additional 681 shares during the period. DIAM Co. Ltd. raised its position in shares of Xcerra Corporation by 19.2% in the third quarter. DIAM Co. Ltd. now owns 70,100 shares of the company’s stock valued at $425,000 after buying an additional 11,300 shares during the period. SECOR Capital Advisors LP raised its position in shares of Xcerra Corporation by 6.9% in the third quarter. SECOR Capital Advisors LP now owns 100,653 shares of the company’s stock valued at $610,000 after buying an additional 6,515 shares during the period. Finally, Spark Investment Management LLC bought a new position in shares of Xcerra Corporation during the third quarter valued at about $691,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
Shares of Xcerra Corporation (NASDAQ:XCRA) traded up 0.49% on Friday, reaching $8.21. 112,061 shares of the company traded hands. The firm has a market capitalization of $444.69 million, a P/E ratio of 34.21 and a beta of 1.28. The stock has a 50-day moving average price of $7.71 and a 200 day moving average price of $6.54. Xcerra Corporation has a 1-year low of $5.14 and a 1-year high of $8.42.
Xcerra Corporation (NASDAQ:XCRA) last released its quarterly earnings results on Thursday, December 1st. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Xcerra Corporation had a net margin of 4.52% and a return on equity of 1.18%. The business had revenue of $80.09 million for the quarter. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Xcerra Corporation will post $0.21 EPS for the current fiscal year.
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Several brokerages recently issued reports on XCRA. B. Riley reiterated a “buy” rating and issued a $8.00 target price on shares of Xcerra Corporation in a research report on Wednesday. Zacks Investment Research upgraded shares of Xcerra Corporation from a “hold” rating to a “strong-buy” rating and set a $8.75 target price for the company in a research report on Thursday, February 2nd. Finally, Stifel Nicolaus upped their target price on shares of Xcerra Corporation from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Xcerra Corporation has an average rating of “Buy” and a consensus target price of $8.94.
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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