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. “
Several other equities research analysts have also recently weighed in on the stock. B. Riley reissued a buy rating and set a $7.75 price target on shares of Xcerra Corp. in a research report on Monday, September 5th. DA Davidson reissued a buy rating and set a $10.00 price target on shares of Xcerra Corp. in a research report on Monday, August 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Xcerra Corp. presently has an average rating of Hold and an average target price of $8.06.
Shares of Xcerra Corp. (NASDAQ:XCRA) opened at 5.73 on Wednesday. The company has a market capitalization of $309.31 million, a P/E ratio of 27.55 and a beta of 1.40. Xcerra Corp. has a 52-week low of $4.93 and a 52-week high of $7.60. The stock’s 50 day moving average is $5.81 and its 200 day moving average is $6.00.
Xcerra Corp. (NASDAQ:XCRA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.12 earnings per share (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 earned $0.16 EPS. The firm’s revenue was down 10.7% on a year-over-year basis. Equities analysts expect that Xcerra Corp. will post $0.18 EPS for the current year.
Several large investors have recently bought and sold shares of XCRA. KCG Holdings Inc. bought a new stake in Xcerra Corp. during the second quarter valued at approximately $112,000. Genesee Valley Trust Co. boosted its stake in Xcerra Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 19,590 shares of the company’s stock valued at $113,000 after buying an additional 1,500 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Xcerra Corp. during the first quarter valued at approximately $140,000. BlackRock Group LTD boosted its stake in Xcerra Corp. by 60.5% in the second quarter. BlackRock Group LTD now owns 23,709 shares of the company’s stock valued at $136,000 after buying an additional 8,941 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Xcerra Corp. during the second quarter valued at approximately $138,000. 86.92% of the stock is owned by hedge funds and other institutional investors.
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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