Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of LTX-Credence (NASDAQ: LTXC) from $8.00 to $11.00 in a research note to investors on Friday. The analysts currently have an “equal weight” rating on the stock.
Separately, analysts at Needham & Company upgraded shares of LTX-Credence from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 2nd.
Shares of LTX-Credence (NASDAQ: LTXC) traded up 1.68% during mid-day trading on Monday, hitting $9.10. LTX-Credence has a 52 week low of $4.98 and a 52 week high of $11.34. The stock’s 50-day moving average is $8.71 and its 200-day moving average is $7.16. The company has a market cap of $449.1 million and a price-to-earnings ratio of 10.72.
LTX-Credence last announced its quarterly results on Thursday, February 24th. The company reported $0.18 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.14 EPS by $0.04. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that LTX-Credence will post $0.22 EPS next quarter.
LTX-Credence Corporation (LTX-Credence) provides focused, automated test equipment (ATE) solutions. It designs, manufactures, markets and services ATE solutions that address the test requirements of the wireless, computing, automotive and digital consumer market segments. Semiconductor designers and manufacturers globally use its equipment to test their devices during two stages of the semiconductor manufacturing process; wafer probe and final package test. After testing, these devices are then incorporated into a range of products, including computers, mobile internet equipment, personal communication products, consumer products, and in portable electronics for power management.
