LTX-Credence Co. (NASDAQ:XCRA) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.00.
A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of LTX-Credence from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Zacks Investment Research lowered shares of LTX-Credence from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine raised shares of LTX-Credence from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of LTX-Credence in a report on Tuesday, October 2nd.
Several institutional investors have recently added to or reduced their stakes in XCRA. California Public Employees Retirement System grew its holdings in shares of LTX-Credence by 11.3% in the first quarter. California Public Employees Retirement System now owns 205,925 shares of the semiconductor company’s stock valued at $2,399,000 after purchasing an additional 20,906 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of LTX-Credence by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,206,044 shares of the semiconductor company’s stock valued at $37,350,000 after purchasing an additional 203,511 shares during the period. A.R.T. Advisors LLC purchased a new stake in shares of LTX-Credence in the first quarter valued at about $673,000. Cubist Systematic Strategies LLC purchased a new stake in shares of LTX-Credence in the first quarter valued at about $158,000. Finally, Millennium Management LLC grew its holdings in shares of LTX-Credence by 5,804.3% in the first quarter. Millennium Management LLC now owns 1,795,013 shares of the semiconductor company’s stock valued at $20,912,000 after purchasing an additional 1,764,611 shares during the period. 87.25% of the stock is owned by institutional investors and hedge funds.
Shares of LTX-Credence stock remained flat at $$14.27 during trading hours on Friday. 154 shares of the stock were exchanged, compared to its average volume of 415,437. LTX-Credence has a fifty-two week low of $9.50 and a fifty-two week high of $14.87. The stock has a market capitalization of $783.64 million, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.40 and a quick ratio of 3.35.
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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