Nokomis Capital L.L.C. reduced its holdings in shares of Xcerra Corp (NASDAQ:XCRA) by 64.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,368,989 shares of the semiconductor company’s stock after selling 2,474,367 shares during the quarter. Xcerra makes up 3.0% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 12th biggest holding. Nokomis Capital L.L.C. owned about 2.49% of Xcerra worth $13,402,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Alps Advisors Inc. acquired a new position in shares of Xcerra during the 3rd quarter worth about $471,000. First Trust Advisors LP acquired a new position in shares of Xcerra during the 3rd quarter worth about $422,000. Boothbay Fund Management LLC acquired a new position in shares of Xcerra during the 3rd quarter worth about $3,552,000. Bank of New York Mellon Corp boosted its position in shares of Xcerra by 24.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 278,636 shares of the semiconductor company’s stock worth $2,744,000 after acquiring an additional 54,151 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Xcerra during the 3rd quarter worth about $398,000. 82.47% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on XCRA shares. Zacks Investment Research raised Xcerra from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Saturday, December 2nd. BidaskClub cut Xcerra from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. ValuEngine raised Xcerra from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. DA Davidson raised Xcerra from a “neutral” rating to a “buy” rating and set a $10.25 target price for the company in a research report on Friday, February 23rd. Finally, Stifel Nicolaus raised Xcerra from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Xcerra presently has a consensus rating of “Hold” and an average target price of $10.40.
Xcerra (NASDAQ:XCRA) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $110.28 million during the quarter, compared to analysts’ expectations of $106.82 million. Xcerra had a return on equity of 16.69% and a net margin of 9.85%. The business’s revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. research analysts anticipate that Xcerra Corp will post 0.99 earnings per share for the current year.
In related news, VP Pascal Ronde sold 30,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $9.96, for a total value of $298,800.00. Following the completion of the sale, the vice president now directly owns 277,250 shares of the company’s stock, valued at approximately $2,761,410. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.
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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