Pascal Ronde Sells 50,000 Shares of Xcerra Corporation (XCRA) Stock

Xcerra Corporation (NASDAQ:XCRA) VP Pascal Ronde sold 50,000 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.74, for a total value of $487,000.00. Following the sale, 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 this link.

Shares of Xcerra Corporation (NASDAQ XCRA) opened at 9.83 on Wednesday. The company has a market cap of $533.44 million, a price-to-earnings ratio of 30.72 and a beta of 1.60. The firm has a 50-day moving average price of $9.55 and a 200 day moving average price of $9.51. Xcerra Corporation has a 1-year low of $5.32 and a 1-year high of $10.01.

Xcerra Corporation (NASDAQ:XCRA) last announced its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Xcerra Corporation had a return on equity of 9.30% and a net margin of 5.77%. The firm had revenue of $126.93 million for the quarter, compared to the consensus estimate of $106.97 million. On average, analysts predict that Xcerra Corporation will post $0.75 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Xcerra Corporation by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,023,104 shares of the semiconductor company’s stock worth $29,536,000 after buying an additional 47,037 shares during the last quarter. CNH Partners LLC purchased a new position in shares of Xcerra Corporation in the 2nd quarter worth approximately $26,633,000. Vanguard Group Inc. boosted its stake in shares of Xcerra Corporation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,564,821 shares of the semiconductor company’s stock worth $25,057,000 after buying an additional 79,201 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of Xcerra Corporation by 15.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,716,500 shares of the semiconductor company’s stock worth $16,770,000 after buying an additional 225,400 shares during the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in shares of Xcerra Corporation in the 2nd quarter worth approximately $16,626,000. Hedge funds and other institutional investors own 86.28% of the company’s stock.

Several analysts have issued reports on the company. B. Riley restated a “neutral” rating and issued a $10.25 price objective on shares of Xcerra Corporation in a research note on Wednesday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Xcerra Corporation in a research note on Friday, September 1st. Zacks Investment Research upgraded Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, September 2nd. ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.40.

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.

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