State Street Corp trimmed its stake in shares of Xcerra Corp (NASDAQ:XCRA) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,056,491 shares of the semiconductor company’s stock after selling 11,873 shares during the quarter. State Street Corp owned 1.95% of Xcerra worth $10,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Balyasny Asset Management LLC boosted its holdings in Xcerra 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 boosted its holdings in Xcerra 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. UBS Asset Management Americas Inc. boosted its holdings in Xcerra by 24.8% during the second quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,400 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Xcerra by 9.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 38,338 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 3,444 shares in the last quarter. Finally, KCG Holdings Inc. boosted its holdings in Xcerra by 30.8% during the first quarter. KCG Holdings Inc. now owns 16,032 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 3,774 shares in the last quarter. 86.82% of the stock is currently owned by institutional investors.

Xcerra Corp (NASDAQ XCRA) opened at $9.84 on Monday. Xcerra Corp has a one year low of $6.26 and a one year high of $10.01. The company has a quick ratio of 2.78, a current ratio of 3.61 and a debt-to-equity ratio of 0.06. The stock has a market cap of $538.37, a P/E ratio of 20.08, a PEG ratio of 0.88 and a beta of 1.60.

Xcerra (NASDAQ:XCRA) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Xcerra had a net margin of 9.78% and a return on equity of 16.40%. The company had revenue of $126.93 million during the quarter, compared to analysts’ expectations of $106.97 million. sell-side analysts forecast that Xcerra Corp will post 0.69 EPS for the current fiscal year.

In related news, VP Pascal Ronde sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $9.74, for a total value of $487,000.00. Following the completion of the transaction, the vice president now owns 317,250 shares in the company, valued at approximately $3,090,015. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

XCRA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Xcerra from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday, September 2nd. B. Riley reiterated a “neutral” rating and issued a $10.25 target price on shares of Xcerra in a research note on Monday, August 28th. ValuEngine upgraded shares of Xcerra from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra in a research note on Friday, September 1st. Finally, BidaskClub cut shares of Xcerra from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Xcerra presently has an average rating of “Hold” and a consensus target price of $10.40.

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About Xcerra

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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Institutional Ownership by Quarter for Xcerra (NASDAQ:XCRA)

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