Metropolitan Life Insurance Co. NY increased its position in shares of Xcerra Corporation (NASDAQ:XCRA) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,338 shares of the semiconductor company’s stock after buying an additional 3,444 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.07% of Xcerra Corporation worth $341,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XCRA. Sensato Investors LLC acquired a new position in shares of Xcerra Corporation during the first quarter valued at $110,000. PEAK6 Investments L.P. acquired a new position in shares of Xcerra Corporation during the first quarter valued at $121,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Xcerra Corporation during the first quarter valued at $127,000. SG Americas Securities LLC acquired a new position in shares of Xcerra Corporation during the first quarter valued at $131,000. Finally, KCG Holdings Inc. increased its position in shares of Xcerra Corporation by 30.8% in the first quarter. KCG Holdings Inc. now owns 16,032 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 3,774 shares during the last quarter. 79.02% of the stock is owned by institutional investors.
Shares of Xcerra Corporation (NASDAQ XCRA) traded down 2.10% during mid-day trading on Monday, reaching $9.31. The company’s stock had a trading volume of 135,292 shares. The company’s 50-day moving average is $9.61 and its 200 day moving average is $9.30. Xcerra Corporation has a 1-year low of $5.14 and a 1-year high of $10.01. The firm has a market capitalization of $505.23 million, a P/E ratio of 29.09 and a beta of 1.59.
Xcerra Corporation (NASDAQ:XCRA) last released its quarterly earnings results on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Xcerra Corporation had a return on equity of 6.63% and a net margin of 4.86%. The company had revenue of $103.64 million during the quarter, compared to analysts’ expectations of $97.10 million. On average, analysts expect that Xcerra Corporation will post $0.43 earnings per share for the current year.
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XCRA has been the subject of several research analyst reports. Stifel Nicolaus downgraded Xcerra Corporation from a “buy” rating to a “hold” rating and upped their target price for the stock from $10.00 to $10.25 in a research note on Monday, May 15th. Zacks Investment Research downgraded Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub downgraded Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, B. Riley reissued a “neutral” rating and issued a $10.25 price objective on shares of Xcerra Corporation in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.20.
About Xcerra Corporation
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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