Xcerra Corporation (XCRA) Given Consensus Recommendation of “Hold” by Brokerages
Xcerra Corporation (NASDAQ:XCRA) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.25.
Several brokerages have recently weighed in on XCRA. Zacks Investment Research lowered Xcerra Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub lowered Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. B. Riley reissued a “hold” rating and set a $10.25 target price on shares of Xcerra Corporation in a research report on Saturday, September 2nd. Needham & Company LLC reissued a “hold” rating on shares of Xcerra Corporation in a research report on Friday, September 1st. Finally, ValuEngine raised Xcerra Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
Xcerra Corporation (NASDAQ XCRA) opened at $9.79 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.61 and a quick ratio of 2.78. The stock has a market capitalization of $531.07, a PE ratio of 20.02, a PEG ratio of 0.88 and a beta of 1.59. Xcerra Corporation has a 52 week low of $5.87 and a 52 week high of $10.01.
Xcerra Corporation (NASDAQ:XCRA) last issued its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. Xcerra Corporation had a return on equity of 9.08% and a net margin of 5.77%. The business had revenue of $126.93 million for the quarter, compared to analyst estimates of $106.97 million. sell-side analysts expect that Xcerra Corporation will post 0.69 earnings per share for the current fiscal year.
In other Xcerra Corporation news, VP Pascal Ronde sold 50,000 shares of Xcerra Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $9.74, for a total transaction of $487,000.00. Following the transaction, the vice president now owns 317,250 shares of the company’s stock, valued at $3,090,015. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley increased its position in Xcerra Corporation by 64.2% during the first quarter. Morgan Stanley now owns 322,284 shares of the semiconductor company’s stock worth $2,865,000 after buying an additional 126,054 shares during the period. Dumac Inc. acquired a new position in Xcerra Corporation during the second quarter worth approximately $1,954,000. SG Americas Securities LLC increased its position in Xcerra Corporation by 621.8% during the second quarter. SG Americas Securities LLC now owns 106,309 shares of the semiconductor company’s stock worth $1,039,000 after buying an additional 91,581 shares during the period. Marshall Wace North America L.P. acquired a new position in Xcerra Corporation during the second quarter worth approximately $2,356,000. Finally, Citigroup Inc. increased its position in Xcerra Corporation by 173.3% during the second quarter. Citigroup Inc. now owns 46,708 shares of the semiconductor company’s stock worth $456,000 after buying an additional 29,618 shares during the period. 84.47% of the stock is currently owned by institutional investors.
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.
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