Xcerra Corporation (XCRA) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Xcerra Corporation (NASDAQ:XCRA) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday, November 1st.

According to Zacks, “Xcerra Corporation engages in designing, manufacturing, and marketing automatic test equipment for the semiconductor industry. Its product portfolio includes Diamond platform; X-Series platform; and ASL platform. The Company also offers various services, such as installation and maintenance of test systems, servicing of spare parts, parts and labor warranties on test systems and instruments, and training on the maintenance and operation of test systems. Xcerra Corporation, formerly known as LTX-Credence Corporation, is headquartered in Norwood, Massachusetts. “

A number of other brokerages have also recently issued reports on XCRA. ValuEngine upgraded shares of Xcerra Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Needham & Company LLC restated a hold rating on shares of Xcerra Corporation in a research report on Friday, September 1st. B. Riley reiterated a neutral rating and set a $10.25 price target on shares of Xcerra Corporation in a report on Monday, August 28th. Finally, BidaskClub downgraded shares of Xcerra Corporation from a hold rating to a sell rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $10.40.

Shares of Xcerra Corporation (NASDAQ:XCRA) traded up $0.05 during midday trading on Wednesday, hitting $9.86. 366,056 shares of the company traded hands, compared to its average volume of 493,952. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.61 and a quick ratio of 2.78. Xcerra Corporation has a 12-month low of $6.26 and a 12-month high of $10.01. The firm has a market capitalization of $533.24, a PE ratio of 20.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.60.

Xcerra Corporation (NASDAQ:XCRA) last announced its quarterly earnings data 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. The firm had revenue of $126.93 million during the quarter, compared to analysts’ expectations of $106.97 million. Xcerra Corporation had a net margin of 5.77% and a return on equity of 9.08%. research analysts forecast that Xcerra Corporation will post 0.69 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Xcerra Corporation in the second quarter valued at $106,000. Sii Investments Inc. WI acquired a new stake in Xcerra Corporation in the third quarter valued at $109,000. SG Americas Securities LLC acquired a new stake in Xcerra Corporation in the first quarter valued at $131,000. Balyasny Asset Management LLC raised its holdings in Xcerra Corporation by 6.5% in the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 870 shares in the last quarter. Finally, KCG Holdings Inc. raised its holdings in Xcerra Corporation by 30.8% in the first quarter. KCG Holdings Inc. now owns 16,032 shares of the semiconductor company’s stock valued at $143,000 after acquiring an additional 3,774 shares in the last quarter. 86.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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