B. Riley reaffirmed their neutral rating on shares of Xcerra Corporation (NASDAQ:XCRA) in a research report released on Monday morning. They currently have a $10.25 target price on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Xcerra Corporation from a buy rating to a hold rating in a research report on Thursday, July 13th. Stifel Nicolaus downgraded shares of Xcerra Corporation from a buy rating to a hold rating and upped their price target for the company from $10.00 to $10.25 in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company has a consensus rating of Hold and an average price target of $10.20.

Xcerra Corporation (XCRA) opened at 9.82 on Monday. The company’s 50 day moving average price is $9.56 and its 200 day moving average price is $9.43. Xcerra Corporation has a 12 month low of $5.32 and a 12 month high of $10.01. The firm has a market capitalization of $532.90 million, a P/E ratio of 30.69 and a beta of 1.59.

Xcerra Corporation (NASDAQ:XCRA) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The business had revenue of $126.93 million during the quarter, compared to the consensus estimate of $106.97 million. Xcerra Corporation had a net margin of 4.86% and a return on equity of 6.63%. Analysts anticipate that Xcerra Corporation will post $0.79 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CNH Partners LLC bought a new position in Xcerra Corporation during the second quarter valued at $26,633,000. Gotham Asset Management LLC bought a new position in Xcerra Corporation during the second quarter valued at $1,259,000. City Financial Investment Co Ltd bought a new position in Xcerra Corporation during the second quarter valued at $7,330,000. Goldman Sachs Group Inc. raised its position in Xcerra Corporation by 783.1% in the second quarter. Goldman Sachs Group Inc. now owns 701,940 shares of the semiconductor company’s stock valued at $6,858,000 after buying an additional 622,458 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its position in Xcerra Corporation by 6.5% in the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 870 shares in the last quarter. Hedge funds and other institutional investors own 86.28% of the company’s stock.

Xcerra Corporation 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.

Analyst Recommendations for Xcerra Corporation (NASDAQ:XCRA)

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