Xcerra Corporation (NASDAQ:XCRA) Downgraded by BidaskClub to Hold

Xcerra Corporation (NASDAQ:XCRA) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, July 13th.

A number of other research firms have also recently commented on XCRA. B. Riley reaffirmed a “neutral” rating and set a $10.25 target price on shares of Xcerra Corporation in a research note on Wednesday, June 7th. Zacks Investment Research cut Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Stifel Nicolaus cut Xcerra Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $10.00 to $10.25 in a research note on Monday, May 15th. Craig Hallum cut Xcerra Corporation from a “buy” rating to a “hold” rating and set a $10.25 target price on the stock. in a research note on Tuesday, April 11th. Finally, DA Davidson cut Xcerra Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $12.00 to $10.25 in a research note on Monday, April 10th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.20.

Xcerra Corporation (NASDAQ:XCRA) opened at 9.37 on Thursday. The stock’s 50 day moving average price is $9.75 and its 200 day moving average price is $9.19. The company has a market capitalization of $508.48 million, a price-to-earnings ratio of 29.28 and a beta of 1.59. Xcerra Corporation has a 12 month low of $5.14 and a 12 month high of $10.01.

Xcerra Corporation (NASDAQ:XCRA) last released its earnings results on Thursday, June 1st. The semiconductor company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $103.64 million for the quarter, compared to analysts’ expectations of $97.10 million. Xcerra Corporation had a return on equity of 6.63% and a net margin of 4.86%. Equities research analysts anticipate that Xcerra Corporation will post $0.43 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in XCRA. B. Riley Financial Inc. purchased a new stake in shares of Xcerra Corporation during the first quarter worth about $761,000. Two Sigma Investments LP raised its stake in shares of Xcerra Corporation by 31.4% in the fourth quarter. Two Sigma Investments LP now owns 181,820 shares of the semiconductor company’s stock worth $1,389,000 after buying an additional 43,486 shares during the last quarter. Tudor Investment Corp Et Al raised its stake in shares of Xcerra Corporation by 89.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,733 shares of the semiconductor company’s stock worth $189,000 after buying an additional 11,695 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Xcerra Corporation by 25.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,117,999 shares of the semiconductor company’s stock worth $8,542,000 after buying an additional 225,499 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Xcerra Corporation by 26.3% in the first quarter. Citadel Advisors LLC now owns 93,463 shares of the semiconductor company’s stock worth $831,000 after buying an additional 19,451 shares during the last quarter. Hedge funds and other institutional investors own 83.05% of the company’s stock.

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.

Analyst Recommendations for Xcerra Corporation (NASDAQ:XCRA)

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