Xcerra Corp (NASDAQ:XCRA)‘s stock had its “neutral” rating reaffirmed by equities researchers at B. Riley in a note issued to investors on Wednesday. They currently have a $10.25 target price on the semiconductor company’s stock. B. Riley’s price target would indicate a potential upside of 8.47% from the stock’s previous close.

XCRA has been the subject of several other research reports. Zacks Investment Research upgraded Xcerra Corp from a “hold” rating to a “strong-buy” rating and set a $8.75 price target for the company in a research report on Thursday, February 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corp in a research report on Tuesday, February 21st. TheStreet upgraded Xcerra Corp from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. Craig Hallum lowered Xcerra Corp from a “buy” rating to a “hold” rating and set a $10.25 price target for the company. in a research report on Tuesday, April 11th. Finally, DA Davidson downgraded shares of Xcerra Corp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $10.25 in a research note on Monday, April 10th. Six investment analysts have rated the stock with a hold rating, Xcerra Corp currently has a consensus rating of “Hold” and an average price target of $10.20.

Analyst Recommendations for Xcerra Corp (NASDAQ:XCRA)

Xcerra Corp (NASDAQ:XCRA) traded down 0.11% during midday trading on Wednesday, hitting $9.44. The stock had a trading volume of 229,644 shares. The company has a market capitalization of $512.22 million, a PE ratio of 39.33 and a beta of 1.28. Xcerra Corp has a 1-year low of $5.14 and a 1-year high of $10.01. The stock’s 50-day moving average is $9.64 and its 200-day moving average is $8.24.

Xcerra Corp (NASDAQ:XCRA) last released its quarterly earnings results on Tuesday, February 21st. The semiconductor company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.08. The company had revenue of $80.12 million during the quarter, compared to analyst estimates of $78.92 million. Xcerra Corp had a return on equity of 1.18% and a net margin of 4.52%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) earnings per share. Equities research analysts forecast that Xcerra Corp will post $0.36 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its stake in Xcerra Corp by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,469,689 shares of the semiconductor company’s stock valued at $9,582,000 after buying an additional 7,373 shares in the last quarter. Foundry Partners LLC increased its stake in Xcerra Corp by 3.4% in the first quarter. Foundry Partners LLC now owns 331,130 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 10,975 shares in the last quarter. Credit Suisse AG increased its stake in Xcerra Corp by 295.7% in the fourth quarter. Credit Suisse AG now owns 224,608 shares of the semiconductor company’s stock valued at $1,359,000 after buying an additional 167,850 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Xcerra Corp by 44.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 241,103 shares of the semiconductor company’s stock valued at $1,459,000 after buying an additional 74,385 shares in the last quarter. Finally, Prospect Capital Advisors LLC bought a new stake in Xcerra Corp during the fourth quarter valued at $3,895,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Xcerra Corp Company Profile

Xcerra Corporation is a provider of 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, PCB Test, Probes/Pins and Fixtures.

12 Month Chart for NASDAQ:XCRA

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