Xcerra Corp. (XCRA) Stock Rating Reaffirmed by Needham & Company LLC
Xcerra Corp. (NASDAQ:XCRA)‘s stock had its “hold” rating reissued by equities research analysts at Needham & Company LLC in a research note issued on Monday.
Other research analysts have also issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $7.75 target price on shares of Xcerra Corp. in a research note on Monday, September 5th. Zacks Investment Research lowered shares of Xcerra Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Finally, DA Davidson reissued a “buy” rating and set a $10.00 price objective on shares of Xcerra Corp. in a research note on Monday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Xcerra Corp. has an average rating of “Hold” and an average price target of $8.06.
Shares of Xcerra Corp. (NASDAQ:XCRA) opened at 5.80 on Monday. The firm has a 50-day moving average of $5.81 and a 200 day moving average of $6.00. The company has a market capitalization of $313.09 million, a P/E ratio of 27.88 and a beta of 1.40. Xcerra Corp. has a 52-week low of $4.93 and a 52-week high of $7.60.
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, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $91.23 million for the quarter, compared to analyst estimates of $91.76 million. Xcerra Corp. had a net margin of 4.03% and a return on equity of 0.96%. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. On average, analysts anticipate that Xcerra Corp. will post $0.18 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XCRA. JPMorgan Chase & Co. raised its position in Xcerra Corp. by 38.7% in the first quarter. JPMorgan Chase & Co. now owns 3,310,614 shares of the company’s stock valued at $21,585,000 after buying an additional 924,000 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Xcerra Corp. during the second quarter valued at approximately $3,791,000. Adirondack Research & Management Inc. increased its stake in shares of Xcerra Corp. by 115.6% in the first quarter. Adirondack Research & Management Inc. now owns 599,813 shares of the company’s stock valued at $3,911,000 after buying an additional 321,578 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of Xcerra Corp. by 30.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,160,828 shares of the company’s stock valued at $6,675,000 after buying an additional 269,465 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Xcerra Corp. by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,407,705 shares of the company’s stock valued at $13,844,000 after buying an additional 143,701 shares during the period. 86.92% of the stock is currently owned by institutional investors and hedge funds.
About Xcerra Corp.
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.
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