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 research analysts have also recently issued reports on the stock. B. Riley reaffirmed a buy rating and issued a $7.75 price target on shares of Xcerra Corp. in a report on Monday, September 5th. DA Davidson reaffirmed a buy rating and issued a $10.00 price target on shares of Xcerra Corp. in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Xcerra Corp. presently has an average rating of Hold and a consensus target price of $8.06.
Xcerra Corp. (NASDAQ:XCRA) opened at 5.78 on Wednesday. Xcerra Corp. has a 12-month low of $4.93 and a 12-month high of $7.60. The stock has a market capitalization of $312.01 million, a price-to-earnings ratio of 27.79 and a beta of 1.40. The stock’s 50 day moving average is $5.82 and its 200 day moving average is $6.01.
Xcerra Corp. (NASDAQ:XCRA) last posted its earnings results on Thursday, September 1st. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. Xcerra Corp. had a net margin of 4.03% and a return on equity of 0.96%. The company earned $91.23 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Xcerra Corp.’s revenue for the quarter was down 10.7% compared to the same quarter last year. Equities analysts predict that Xcerra Corp. will post $0.18 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC raised its stake in Xcerra Corp. by 18.2% in the third quarter. Foundry Partners LLC now owns 496,815 shares of the company’s stock worth $3,011,000 after buying an additional 76,510 shares during the last quarter. Millrace Asset Group Inc. raised its stake in Xcerra Corp. by 17.2% in the second quarter. Millrace Asset Group Inc. now owns 213,651 shares of the company’s stock worth $1,228,000 after buying an additional 31,415 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Xcerra Corp. during the second quarter worth $138,000. KCG Holdings Inc. acquired a new stake in Xcerra Corp. during the second quarter worth $112,000. Finally, Globeflex Capital L P raised its stake in Xcerra Corp. by 689.9% in the second quarter. Globeflex Capital L P now owns 135,871 shares of the company’s stock worth $781,000 after buying an additional 118,671 shares during the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Xcerra Corp. Company Profile
Xcerra Corporation, formerly LTX-Credence Corporation, is engaged in providing 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, Printed Circuit Board (PCB) Test, Probes/Pins and Fixtures.
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