Bank of New York Mellon Corp cut its stake in shares of Xcerra Corporation (NASDAQ:XCRA) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 224,485 shares of the semiconductor company’s stock after selling 21,165 shares during the quarter. Bank of New York Mellon Corp owned about 0.41% of Xcerra Corporation worth $2,193,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Xcerra Corporation by 11.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,976,067 shares of the semiconductor company’s stock worth $26,457,000 after purchasing an additional 306,386 shares during the period. Vanguard Group Inc. grew its stake in shares of Xcerra Corporation by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 2,485,620 shares of the semiconductor company’s stock worth $22,097,000 after purchasing an additional 189,128 shares during the period. Geode Capital Management LLC grew its stake in shares of Xcerra Corporation by 12.8% during the 1st quarter. Geode Capital Management LLC now owns 423,085 shares of the semiconductor company’s stock worth $3,761,000 after purchasing an additional 47,997 shares during the period. Morgan Stanley grew its stake in shares of Xcerra Corporation by 64.2% during the 1st quarter. Morgan Stanley now owns 322,284 shares of the semiconductor company’s stock worth $2,865,000 after purchasing an additional 126,054 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Xcerra Corporation during the 2nd quarter worth $2,931,000. 86.13% of the stock is currently owned by institutional investors and hedge funds.

Xcerra Corporation (NASDAQ XCRA) opened at 9.82 on Friday. The firm has a market capitalization of $537.26 million, a PE ratio of 23.95 and a beta of 1.61. Xcerra Corporation has a 1-year low of $5.32 and a 1-year high of $10.01. The stock’s 50 day moving average is $9.81 and its 200-day moving average is $9.68.

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

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XCRA has been the topic of a number of recent analyst reports. BidaskClub cut shares of Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. B. Riley reaffirmed a “neutral” rating and set a $10.25 price target on shares of Xcerra Corporation in a research note on Monday, August 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Xcerra Corporation in a research note on Friday, September 1st. ValuEngine raised shares of Xcerra Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Saturday, September 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.40.

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

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)

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