City Financial Investment Co Ltd purchased a new position in Xcerra Corporation (NASDAQ:XCRA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 750,272 shares of the semiconductor company’s stock, valued at approximately $7,330,000. Xcerra Corporation makes up 0.8% of City Financial Investment Co Ltd’s holdings, making the stock its 27th largest holding. City Financial Investment Co Ltd owned 1.38% of Xcerra Corporation as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Xcerra Corporation by 783.1% during the second quarter. Goldman Sachs Group Inc. now owns 701,940 shares of the semiconductor company’s stock valued at $6,858,000 after purchasing an additional 622,458 shares in the last quarter. Balyasny Asset Management LLC grew its position in shares of Xcerra Corporation by 6.5% during the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 870 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Xcerra Corporation by 11.0% during the second quarter. Voya Investment Management LLC now owns 30,601 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 3,022 shares in the last quarter. OxFORD Asset Management LLP grew its position in shares of Xcerra Corporation by 3,246.4% during the second quarter. OxFORD Asset Management LLP now owns 617,981 shares of the semiconductor company’s stock valued at $6,038,000 after purchasing an additional 599,514 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Xcerra Corporation by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,023,104 shares of the semiconductor company’s stock valued at $29,536,000 after purchasing an additional 47,037 shares in the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Saturday, September 2nd. BidaskClub lowered Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. B. Riley restated a “hold” rating and set a $10.25 price objective on shares of Xcerra Corporation in a research report on Saturday, September 2nd. Needham & Company LLC restated a “hold” rating on shares of Xcerra Corporation in a research report on Friday, September 1st. Finally, ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.40.

COPYRIGHT VIOLATION NOTICE: “750,272 Shares in Xcerra Corporation (XCRA) Purchased by City Financial Investment Co Ltd” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/750272-shares-in-xcerra-corporation-xcra-purchased-by-city-financial-investment-co-ltd/1601466.html.

In related news, VP Pascal Ronde sold 50,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $9.74, for a total transaction of $487,000.00. Following the completion of the sale, the vice president now owns 317,250 shares of the company’s stock, valued at approximately $3,090,015. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Shares of Xcerra Corporation (NASDAQ XCRA) traded up 0.10% on Friday, hitting $9.85. 248,222 shares of the company were exchanged. The firm’s 50-day moving average is $9.57 and its 200-day moving average is $9.56. Xcerra Corporation has a 52-week low of $5.32 and a 52-week high of $10.01. The stock has a market capitalization of $538.90 million, a PE ratio of 24.02 and a beta of 1.60.

Xcerra Corporation (NASDAQ:XCRA) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. Xcerra Corporation had a net margin of 5.77% and a return on equity of 9.08%. The company had revenue of $126.93 million during the quarter, compared to analysts’ expectations of $106.97 million. Equities research analysts predict that Xcerra Corporation will post $0.75 earnings per share for the current year.

Xcerra Corporation Company Profile

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.

Institutional Ownership by Quarter for Xcerra Corporation (NASDAQ:XCRA)

Receive News & Ratings for Xcerra Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcerra Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.