ClariVest Asset Management LLC purchased a new stake in shares of Xcerra (NASDAQ:XCRA) during the first quarter, Holdings Channel reports. The institutional investor purchased 787,133 shares of the semiconductor company’s stock, valued at approximately $9,171,000.

Several other hedge funds have also modified their holdings of XCRA. Paloma Partners Management Co purchased a new position in shares of Xcerra during the fourth quarter valued at $137,000. Ellington Management Group LLC purchased a new position in shares of Xcerra during the fourth quarter valued at $157,000. Teacher Retirement System of Texas purchased a new position in shares of Xcerra during the fourth quarter valued at $185,000. Meeder Asset Management Inc. grew its holdings in shares of Xcerra by 2,638.9% during the first quarter. Meeder Asset Management Inc. now owns 16,625 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 16,018 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Xcerra during the fourth quarter valued at $206,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

A number of brokerages have recently weighed in on XCRA. Zacks Investment Research downgraded Xcerra from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine upgraded Xcerra from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. BidaskClub upgraded Xcerra from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 4th. Needham & Company LLC upgraded Xcerra from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, April 17th. Finally, DA Davidson downgraded Xcerra from a “buy” rating to a “neutral” rating in a report on Tuesday, May 8th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Xcerra has a consensus rating of “Buy” and an average price target of $12.81.

XCRA opened at $13.69 on Thursday. The firm has a market cap of $753.43 million, a P/E ratio of 27.94, a PEG ratio of 1.15 and a beta of 1.44. Xcerra has a 1 year low of $13.48 and a 1 year high of $13.68. The company has a quick ratio of 3.59, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

Xcerra (NASDAQ:XCRA) last released its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $110.28 million during the quarter, compared to analysts’ expectations of $106.82 million. Xcerra had a return on equity of 16.22% and a net margin of 9.85%. The business’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. analysts predict that Xcerra will post 0.99 earnings per share for the current year.

About Xcerra

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and power management devices.

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Institutional Ownership by Quarter for Xcerra (NASDAQ:XCRA)

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