In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Xcerra Corp. (NASDAQ:XCRA) reported that Jpmorgan Chase & Co. has picked up 3,013,332 of common stock as of 2017-01-27.
The acquisition brings the aggregate amount owned by Jpmorgan Chase & Co. to a total of 3,013,332 representing a 5.5% stake in the company.
For those not familiar with the company, 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. The Semiconductor Test segment includes operations related to the design, manufacture and sale of automated test equipment for the semiconductor industry that is used to test system-on-a-chip, digital, analog and mixed signal integrated circuits. The Semiconductor Handlers segment includes operations related to the design, manufacture and sale of test handlers used in the testing of integrated circuits. The Contactors segment includes operations related to the design, manufacture and sale of test contactors. The PCB test segment includes operations related to design, manufacture and sale of equipment used in the testing of bare and loaded printed circuit boards.
A glance at Xcerra Corp. (NASDAQ:XCRA)’s key stats reveals a current market capitalization of 417.64 million based on 54.17 million shares outstanding and a price at last close of $7.84 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-01-15, Tacelli picked up 30,000 at a purchase price of $5.17. This brings their total holding to 1,104,701 as of the date of the filing.
On the sell side, the most recent transaction saw Ronde unload 15,000 shares at a sale price of $6.60. This brings their total holding to 206,250.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Xcerra Corp. (NASDAQ:XCRA) as things move forward to see if its progress aligns with these transactions.
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