Xcerra Corp. (NASDAQ:XCRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Xcerra Corporation engages in designing, manufacturing, and marketing automatic test equipment for the semiconductor industry. Its product portfolio includes Diamond platform; X-Series platform; and ASL platform. The Company also offers various services, such as installation and maintenance of test systems, servicing of spare parts, parts and labor warranties on test systems and instruments, and training on the maintenance and operation of test systems. Xcerra Corporation, formerly known as LTX-Credence Corporation, is headquartered in Norwood, Massachusetts. “

A number of other equities research analysts have also commented on XCRA. B. Riley reissued a “buy” rating and issued a $8.25 price target on shares of Xcerra Corp. in a research report on Wednesday, August 31st. DA Davidson reissued a “buy” rating and issued a $10.00 price target on shares of Xcerra Corp. in a research report on Monday, August 29th. 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.06.

Shares of Xcerra Corp. (NASDAQ:XCRA) traded up 0.51% during midday trading on Wednesday, reaching $5.92. 13,456 shares of the company’s stock were exchanged. Xcerra Corp. has a 12 month low of $4.93 and a 12 month high of $7.60. The stock has a market cap of $319.57 million, a PE ratio of 28.46 and a beta of 1.40. The company’s 50 day moving average is $5.85 and its 200-day moving average is $6.01.

Xcerra Corp. (NASDAQ:XCRA) last issued its earnings results on Thursday, September 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Xcerra Corp. had a return on equity of 0.96% and a net margin of 4.03%. The company had revenue of $91.23 million for the quarter, compared to analysts’ expectations of $91.76 million. During the same period last year, the business earned $0.16 EPS. Xcerra Corp.’s quarterly revenue was down 10.7% compared to the same quarter last year. Equities analysts forecast that Xcerra Corp. will post $0.18 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in XCRA. Foundry Partners LLC raised its stake in shares of Xcerra Corp. by 18.2% in the third quarter. Foundry Partners LLC now owns 496,815 shares of the company’s stock valued at $3,011,000 after buying an additional 76,510 shares in the last quarter. Millrace Asset Group Inc. raised its stake in shares of Xcerra Corp. by 17.2% in the second quarter. Millrace Asset Group Inc. now owns 213,651 shares of the company’s stock valued at $1,228,000 after buying an additional 31,415 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Xcerra Corp. during the second quarter valued at about $138,000. KCG Holdings Inc. acquired a new stake in shares of Xcerra Corp. during the second quarter valued at about $112,000. Finally, Globeflex Capital L P raised its stake in shares of Xcerra Corp. by 689.9% in the second quarter. Globeflex Capital L P now owns 135,871 shares of the company’s stock valued at $781,000 after buying an additional 118,671 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:XCRA

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