Xcerra Corporation (NASDAQ:XCRA) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the company. B. Riley reissued a “neutral” rating and set a $10.25 price target on shares of Xcerra Corporation in a report on Wednesday, June 7th. Zacks Investment Research lowered Xcerra Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Stifel Nicolaus lowered Xcerra Corporation from a “buy” rating to a “hold” rating and lifted their target price for the stock from $10.00 to $10.25 in a report on Monday, May 15th. DA Davidson lowered Xcerra Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $10.25 in a report on Monday, April 10th. Finally, Craig Hallum lowered Xcerra Corporation from a “buy” rating to a “hold” rating and set a $10.25 target price on the stock. in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.20.

Xcerra Corporation (NASDAQ:XCRA) traded up 1.41% during trading on Friday, hitting $9.38. 317,844 shares of the stock were exchanged. The stock’s 50 day moving average is $9.79 and its 200-day moving average is $9.18. The company has a market cap of $509.02 million, a price-to-earnings ratio of 29.31 and a beta of 1.59. Xcerra Corporation has a one year low of $5.14 and a one year high of $10.01.

Xcerra Corporation (NASDAQ:XCRA) last issued its quarterly earnings results on Thursday, June 1st. The semiconductor company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $103.64 million for the quarter, compared to analyst estimates of $97.10 million. Xcerra Corporation had a return on equity of 6.63% and a net margin of 4.86%. On average, equities research analysts expect that Xcerra Corporation will post $0.43 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sensato Investors LLC purchased a new position in Xcerra Corporation during the first quarter worth about $110,000. FNY Partners Fund LP purchased a new position in Xcerra Corporation during the first quarter worth about $120,000. PEAK6 Investments L.P. purchased a new position in Xcerra Corporation during the first quarter worth about $121,000. Campbell & CO Investment Adviser LLC purchased a new position in Xcerra Corporation during the first quarter worth about $127,000. Finally, SG Americas Securities LLC purchased a new position in Xcerra Corporation during the first quarter worth about $131,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

About Xcerra Corporation

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.

Analyst Recommendations for Xcerra Corporation (NASDAQ:XCRA)

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