Xcerra Corp. (XCRA) Given Hold Rating at Needham & Company LLC
Xcerra Corp. (NASDAQ:XCRA)‘s stock had its “hold” rating reiterated by research analysts at Needham & Company LLC in a research note issued on Monday.
XCRA has been the subject of several other reports. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of Xcerra Corp. in a research report on Monday, August 29th. Zacks Investment Research cut shares of Xcerra Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Finally, B. Riley reiterated a “buy” rating and set a $7.75 price objective on shares of Xcerra Corp. in a research report on Monday, September 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.06.
Shares of Xcerra Corp. (NASDAQ:XCRA) traded down 0.69% during trading on Monday, hitting $5.74. 79,095 shares of the stock were exchanged. Xcerra Corp. has a 52 week low of $4.93 and a 52 week high of $7.60. The firm’s 50 day moving average price is $5.82 and its 200-day moving average price is $6.01. The stock has a market cap of $309.85 million, a P/E ratio of 27.60 and a beta of 1.40.
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Xcerra Corp. (NASDAQ:XCRA) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm earned $91.23 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same period in the prior year, the company posted $0.16 EPS. The company’s revenue was down 10.7% on a year-over-year basis. On average, analysts predict that Xcerra Corp. will post $0.18 EPS for the current year.
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Xcerra Corp. by 38.7% in the first quarter. JPMorgan Chase & Co. now owns 3,310,614 shares of the company’s stock valued at $21,585,000 after buying an additional 924,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Xcerra Corp. by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,407,705 shares of the company’s stock worth $13,844,000 after buying an additional 143,701 shares during the last quarter. Vanguard Group Inc. boosted its stake in Xcerra Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 2,178,858 shares of the company’s stock worth $12,528,000 after buying an additional 38,282 shares during the last quarter. Skyline Asset Management LP boosted its stake in Xcerra Corp. by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,725,606 shares of the company’s stock worth $11,251,000 after buying an additional 64,600 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its stake in Xcerra Corp. by 30.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,160,828 shares of the company’s stock worth $6,675,000 after buying an additional 269,465 shares during the last quarter. 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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