Xcerra Corp (XCRA) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lifted its stake in shares of Xcerra Corp (NASDAQ:XCRA) by 110.6% during the 3rd quarter, Holdings Channel reports. The firm owned 218,127 shares of the semiconductor company’s stock after buying an additional 114,535 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Xcerra were worth $2,149,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of Xcerra by 50.8% during the third quarter. Wells Fargo & Company MN now owns 61,122 shares of the semiconductor company’s stock worth $602,000 after purchasing an additional 20,586 shares during the last quarter. LMR Partners LLP bought a new position in shares of Xcerra during the third quarter worth about $144,000. Bank of New York Mellon Corp lifted its position in shares of Xcerra by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 278,636 shares of the semiconductor company’s stock worth $2,744,000 after purchasing an additional 54,151 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Xcerra during the third quarter worth about $471,000. Finally, Swiss National Bank lifted its position in shares of Xcerra by 44.6% during the third quarter. Swiss National Bank now owns 135,600 shares of the semiconductor company’s stock worth $1,336,000 after purchasing an additional 41,800 shares during the last quarter. 84.25% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on XCRA. BidaskClub cut shares of Xcerra from a “sell” rating to a “strong sell” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Xcerra from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised shares of Xcerra from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Xcerra presently has an average rating of “Hold” and an average price target of $10.40.
Xcerra (NASDAQ:XCRA) last issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.14. Xcerra had a net margin of 9.30% and a return on equity of 14.63%. The firm had revenue of $120.29 million for the quarter, compared to analysts’ expectations of $108.30 million. equities analysts expect that Xcerra Corp will post 0.97 EPS for the current fiscal year.
In other Xcerra news, VP Pascal Ronde sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $9.96, for a total value of $298,800.00. Following the transaction, the vice president now owns 277,250 shares of the company’s stock, valued at $2,761,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.
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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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