Xcerra (XCRA) Lifted to “Strong-Buy” at ValuEngine

Xcerra (NASDAQ:XCRA) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

XCRA has been the subject of a number of other research reports. BidaskClub lowered Xcerra from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded Xcerra from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company’s stock. Xcerra currently has an average rating of “Hold” and an average target price of $10.40.

Shares of Xcerra (XCRA) opened at $9.95 on Friday. The company has a quick ratio of 3.23, a current ratio of 4.27 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $550.47, a P/E ratio of 13.45, a P/E/G ratio of 0.86 and a beta of 1.65. Xcerra has a twelve month low of $7.21 and a twelve month high of $10.15.

Xcerra (NASDAQ:XCRA) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. The firm had revenue of $120.29 million during the quarter, compared to analyst estimates of $108.30 million. Xcerra had a return on equity of 14.63% and a net margin of 9.30%. research analysts expect that Xcerra will post 0.97 EPS for the current fiscal year.

In other Xcerra news, VP Pascal Ronde sold 30,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $9.96, for a total transaction of $298,800.00. Following the completion of the sale, the vice president now owns 277,250 shares in the company, valued at $2,761,410. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new stake in Xcerra during the second quarter worth $106,000. Sii Investments Inc. WI acquired a new position in shares of Xcerra during the third quarter worth $109,000. Balyasny Asset Management LLC increased its position in shares of Xcerra by 6.5% during the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 870 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Xcerra during the third quarter worth $144,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Xcerra by 24.8% during the second quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors own 84.28% of the company’s stock.

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About Xcerra

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Xcerra (NASDAQ:XCRA)

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