Xcerra Corporation (NASDAQ:XCRA) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.40.
Several equities analysts have commented on XCRA shares. Zacks Investment Research upgraded Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Saturday, September 2nd. B. Riley reiterated a “neutral” rating and issued a $10.25 target price on shares of Xcerra Corporation in a research report on Monday, August 28th. ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corporation in a research report on Friday, September 1st. Finally, BidaskClub downgraded Xcerra Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
Shares of Xcerra Corporation (XCRA) opened at 9.92 on Wednesday. The firm has a market capitalization of $542.73 million, a price-to-earnings ratio of 24.20 and a beta of 1.61. Xcerra Corporation has a 12 month low of $5.32 and a 12 month high of $10.01. The company has a 50-day moving average price of $9.81 and a 200-day moving average price of $9.69.
Xcerra Corporation (NASDAQ:XCRA) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. The firm had revenue of $126.93 million during the quarter, compared to the consensus estimate of $106.97 million. Xcerra Corporation had a return on equity of 9.08% and a net margin of 5.77%. Equities analysts forecast that Xcerra Corporation will post $0.75 EPS for the current fiscal year.
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In other news, VP Pascal Ronde sold 50,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.74, for a total value of $487,000.00. Following the completion of the sale, the vice president now owns 317,250 shares of the company’s stock, valued at $3,090,015. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of Xcerra Corporation in the second quarter valued at about $106,000. Sensato Investors LLC acquired a new stake in Xcerra Corporation during the first quarter worth approximately $110,000. FNY Partners Fund LP acquired a new stake in Xcerra Corporation during the first quarter worth approximately $120,000. SG Americas Securities LLC acquired a new stake in Xcerra Corporation during the first quarter worth approximately $131,000. Finally, Balyasny Asset Management LLC grew its stake in Xcerra Corporation 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 during the period. 86.13% of the stock is owned by institutional investors.
About Xcerra Corporation
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.
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