Gabelli Funds LLC increased its position in shares of Xcerra Corporation (NASDAQ:XCRA) by 16.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,511 shares of the semiconductor company’s stock after buying an additional 18,251 shares during the period. Gabelli Funds LLC owned 0.23% of Xcerra Corporation worth $1,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Balyasny Asset Management LLC boosted its holdings in shares of Xcerra Corporation by 6.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock worth $140,000 after buying an additional 870 shares during the period. American International Group Inc. boosted its holdings in shares of Xcerra Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 32,582 shares of the semiconductor company’s stock worth $290,000 after buying an additional 2,148 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Xcerra Corporation by 11.0% during the 2nd quarter. Voya Investment Management LLC now owns 30,601 shares of the semiconductor company’s stock worth $299,000 after buying an additional 3,022 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Xcerra Corporation by 24.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock worth $167,000 after buying an additional 3,400 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Xcerra Corporation by 9.9% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 38,338 shares of the semiconductor company’s stock worth $341,000 after buying an additional 3,444 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Xcerra Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. B. Riley reiterated a “hold” rating and set a $10.25 target price on shares of Xcerra Corporation in a research note on Saturday, September 2nd. ValuEngine upgraded shares of Xcerra Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corporation in a research note on Friday, September 1st. Finally, BidaskClub cut shares of Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.40.

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In other news, VP Pascal Ronde sold 50,000 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $9.74, for a total value of $487,000.00. Following the completion of the transaction, the vice president now owns 317,250 shares in the company, valued at approximately $3,090,015. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

Xcerra Corporation (NASDAQ:XCRA) opened at $9.83 on Wednesday. The company has a market cap of $533.24, a price-to-earnings ratio of 20.02, a P/E/G ratio of 0.88 and a beta of 1.60. Xcerra Corporation has a one year low of $6.26 and a one year high of $10.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 3.61.

Xcerra Corporation (NASDAQ:XCRA) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Xcerra Corporation had a net margin of 5.77% and a return on equity of 9.08%. The firm had revenue of $126.93 million during the quarter, compared to analysts’ expectations of $106.97 million. equities analysts predict that Xcerra Corporation will post 0.69 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Xcerra Corporation (NASDAQ:XCRA)

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