Zacks Investment Research Lowers Xcerra Corp. (XCRA) to Sell
Xcerra Corp. (NASDAQ:XCRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
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 brokerages also recently issued reports on XCRA. B. Riley reiterated a “buy” rating and issued a $8.25 target price on shares of Xcerra Corp. in a research note on Friday, August 26th. DA Davidson reiterated a “buy” rating and issued a $10.00 target price on shares of Xcerra Corp. in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Xcerra Corp. currently has a consensus rating of “Hold” and an average price target of $8.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/zacks-investment-research-lowers-xcerra-corp-xcra-to-sell.html
Shares of Xcerra Corp. (NASDAQ:XCRA) traded up 1.02% during mid-day trading on Wednesday, hitting $5.95. The company’s stock had a trading volume of 17,727 shares. The company has a 50-day moving average price of $5.85 and a 200-day moving average price of $6.01. The stock has a market cap of $321.19 million, a PE ratio of 28.61 and a beta of 1.40. Xcerra Corp. has a 1-year low of $4.93 and a 1-year high of $7.60.
Xcerra Corp. (NASDAQ:XCRA) last posted its quarterly earnings data on Thursday, September 1st. The company reported $0.12 EPS for the quarter, topping 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 the consensus estimate of $91.76 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Analysts predict that Xcerra Corp. will post $0.18 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the company. KCG Holdings Inc. bought a new stake in shares of Xcerra Corp. during the second quarter valued at about $112,000. Genesee Valley Trust Co. increased its stake in shares of 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 during the period. BlackRock Group LTD increased its stake in shares of 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 during the period. Citadel Advisors LLC bought a new stake in shares of Xcerra Corp. during the second quarter valued at about $138,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Xcerra Corp. during the first quarter valued at about $140,000. Hedge funds and other institutional investors own 86.76% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Xcerra Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcerra Corp. and related companies with MarketBeat.com's FREE daily email newsletter.