LTX-Credence Co. common stock (NASDAQ:XCRA) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 855,612 shares, a drop of 29.7% from the July 31st total of 1,217,440 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 315,100 shares, the short-interest ratio is presently 2.7 days.

Shares of LTX-Credence Co. common stock stock opened at $14.60 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.40 and a quick ratio of 3.35. LTX-Credence Co. common stock has a 1-year low of $9.50 and a 1-year high of $14.87. The stock has a market cap of $791.87 million, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66.

LTX-Credence Co. common stock (NASDAQ:XCRA) last issued its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. LTX-Credence Co. common stock had a return on equity of 16.54% and a net margin of 10.49%. The firm had revenue of $115.70 million during the quarter, compared to the consensus estimate of $112.73 million. The firm’s revenue was up 11.7% on a year-over-year basis. sell-side analysts forecast that LTX-Credence Co. common stock will post 1.03 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Element Capital Management LLC acquired a new stake in LTX-Credence Co. common stock during the 1st quarter worth about $141,000. First Republic Investment Management Inc. acquired a new stake in shares of LTX-Credence Co. common stock in the 1st quarter valued at about $142,000. Cubist Systematic Strategies LLC acquired a new stake in shares of LTX-Credence Co. common stock in the 1st quarter valued at about $158,000. Canandaigua National Bank & Trust Co. acquired a new stake in shares of LTX-Credence Co. common stock in the 1st quarter valued at about $181,000. Finally, Meeder Asset Management Inc. grew its stake in shares of LTX-Credence Co. common stock by 2,638.9% in the 1st quarter. Meeder Asset Management Inc. now owns 16,625 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 16,018 shares during the period. Hedge funds and other institutional investors own 87.29% of the company’s stock.

A number of brokerages have weighed in on XCRA. Zacks Investment Research downgraded LTX-Credence Co. common stock from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine downgraded LTX-Credence Co. common stock from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Stifel Nicolaus downgraded LTX-Credence Co. common stock from a “buy” rating to a “hold” rating and increased their price target for the stock from $13.00 to $14.00 in a report on Tuesday, May 29th. DA Davidson downgraded LTX-Credence Co. common stock from a “buy” rating to a “neutral” rating in a report on Tuesday, May 8th. Finally, BidaskClub downgraded LTX-Credence Co. common stock from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. LTX-Credence Co. common stock presently has a consensus rating of “Hold” and an average price target of $14.05.

About LTX-Credence Co. common stock

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and power management devices.

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