Zacks Investment Research upgraded shares of Xcerra Corporation (NASDAQ:XCRA) from a hold rating to a buy rating in a report released on Saturday, September 2nd. The brokerage currently has $11.00 target price on the semiconductor company’s stock.
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 commented on XCRA. B. Riley reiterated a hold rating and set a $10.25 price target on shares of Xcerra Corporation in a report on Saturday, September 2nd. BidaskClub lowered shares of Xcerra Corporation from a hold rating to a sell rating in a report on Thursday, July 27th. Needham & Company LLC reiterated a hold rating on shares of Xcerra Corporation in a report on Friday, September 1st. ValuEngine upgraded shares of Xcerra Corporation from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Stifel Nicolaus lowered shares of Xcerra Corporation from a buy rating to a hold rating and lifted their price target for the stock from $10.00 to $10.25 in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $10.40.
Xcerra Corporation (XCRA) opened at 9.83 on Friday. The firm’s 50-day moving average price is $9.55 and its 200 day moving average price is $9.51. The firm has a market cap of $533.44 million, a P/E ratio of 30.72 and a beta of 1.60. Xcerra Corporation has a 12-month low of $5.32 and a 12-month high of $10.01.
Xcerra Corporation (NASDAQ:XCRA) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $126.93 million for 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 9.30%. Analysts forecast that Xcerra Corporation will post $0.75 earnings per share for the current fiscal year.
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In related news, VP Pascal Ronde sold 50,000 shares of the business’s 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 transaction, the vice president now owns 317,250 shares in the company, valued at $3,090,015. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.60% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. CNH Partners LLC acquired a new position in Xcerra Corporation in the second quarter valued at $26,633,000. Gotham Asset Management LLC acquired a new position in Xcerra Corporation in the second quarter valued at $1,259,000. City Financial Investment Co Ltd acquired a new position in Xcerra Corporation in the second quarter valued at $7,330,000. Goldman Sachs Group Inc. lifted its holdings in Xcerra Corporation by 783.1% in the second quarter. Goldman Sachs Group Inc. now owns 701,940 shares of the semiconductor company’s stock valued at $6,858,000 after buying an additional 622,458 shares during the period. Finally, Balyasny Asset Management LLC lifted 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 buying an additional 870 shares during the period. Institutional investors and hedge funds own 86.28% of the company’s stock.
Xcerra Corporation Company Profile
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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