Emerald Advisers Inc. PA boosted its stake in shares of Xcerra Corp. (NASDAQ:XCRA) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,252 shares of the company’s stock after buying an additional 9,923 shares during the period. Emerald Advisers Inc. PA’s holdings in Xcerra Corp. were worth $760,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in XCRA. Emerald Mutual Fund Advisers Trust increased 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. Genesee Valley Trust Co. increased 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. 1st Global Advisors Inc. increased its stake in Xcerra Corp. by 10.5% in the second quarter. 1st Global Advisors Inc. now owns 37,678 shares of the company’s stock valued at $217,000 after buying an additional 3,565 shares during the period. 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 period. Finally, Skyline Asset Management LP increased its stake in Xcerra Corp. by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,725,606 shares of the company’s stock valued at $11,251,000 after buying an additional 64,600 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.
Shares of Xcerra Corp. (NASDAQ:XCRA) traded up 1.02% during trading on Wednesday, reaching $5.95. The company’s stock had a trading volume of 74,371 shares. The stock has a market cap of $321.19 million, a P/E ratio of 28.61 and a beta of 1.40. The stock has a 50-day moving average of $5.85 and a 200-day moving average of $6.01. Xcerra Corp. has a 52-week low of $4.93 and a 52-week high of $7.60.
Xcerra Corp. (NASDAQ:XCRA) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The company earned $91.23 million during the quarter, compared to the consensus estimate of $91.76 million. Xcerra Corp. had a return on equity of 0.96% and a net margin of 4.03%. Xcerra Corp.’s revenue was down 10.7% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. Analysts predict that Xcerra Corp. will post $0.18 earnings per share for the current fiscal year.
Several research firms recently issued reports on XCRA. B. Riley restated a “buy” rating and issued a $8.25 price target on shares of Xcerra Corp. in a research note on Friday, August 26th. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of Xcerra Corp. in a research note on Monday, August 29th. Finally, Zacks Investment Research downgraded Xcerra Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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.
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