Xcerra Corporation (NASDAQ:XCRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage presently has a $11.00 price objective on the semiconductor company’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.13% from the stock’s previous close.

According to Zacks, “Xcerra Corporation engages in designing, manufacturing, and marketing automatic test equipment for the semiconductor industry. Its product portfolio includes Diamond platform; X-Series platform; and ASL platform. The Company also offers various services, such as installation and maintenance of test systems, servicing of spare parts, parts and labor warranties on test systems and instruments, and training on the maintenance and operation of test systems. Xcerra Corporation, formerly known as LTX-Credence Corporation, is headquartered in Norwood, Massachusetts. “

Other equities research analysts have also issued research reports about the company. ValuEngine raised Xcerra Corporation from a “hold” rating to a “buy” rating in a report on Friday. Stifel Nicolaus lowered Xcerra Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $10.00 to $10.25 in a report on Monday, May 15th. Needham & Company LLC reissued a “hold” rating on shares of Xcerra Corporation in a report on Friday. BidaskClub lowered Xcerra Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, B. Riley reissued a “neutral” rating and issued a $10.25 price objective on shares of Xcerra Corporation in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Xcerra Corporation presently has a consensus rating of “Hold” and a consensus target price of $10.40.

Shares of Xcerra Corporation (XCRA) opened at 9.81 on Friday. The stock has a 50 day moving average of $9.56 and a 200-day moving average of $9.45. Xcerra Corporation has a 12 month low of $5.32 and a 12 month high of $10.01. The company has a market cap of $532.36 million, a PE ratio of 30.66 and a beta of 1.60.

Xcerra Corporation (NASDAQ:XCRA) last announced its quarterly earnings data 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 9.30% and a net margin of 5.77%. The company had revenue of $126.93 million during the quarter, compared to analyst estimates of $106.97 million. Equities analysts forecast that Xcerra Corporation will post $0.79 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the stock. CNH Partners LLC acquired a new stake in shares of Xcerra Corporation during the second quarter worth about $26,633,000. Gotham Asset Management LLC acquired a new stake in shares of Xcerra Corporation during the second quarter worth about $1,259,000. City Financial Investment Co Ltd acquired a new stake in shares of Xcerra Corporation during the second quarter worth about $7,330,000. Goldman Sachs Group Inc. increased its stake in shares of Xcerra Corporation by 783.1% in the second quarter. Goldman Sachs Group Inc. now owns 701,940 shares of the semiconductor company’s stock worth $6,858,000 after buying an additional 622,458 shares during the period. Finally, Balyasny Asset Management LLC increased its stake in shares of Xcerra Corporation by 6.5% in the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock worth $140,000 after buying an additional 870 shares during the period. 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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