BidaskClub Lowers Xcerra Corporation (NASDAQ:XCRA) to Strong Sell

BidaskClub lowered shares of Xcerra Corporation (NASDAQ:XCRA) from a sell rating to a strong sell rating in a research report report published on Saturday, August 5th.

Other equities analysts have also issued reports about the company. B. Riley reaffirmed a neutral rating and set a $10.25 target price on shares of Xcerra Corporation in a research report on Wednesday, June 7th. Zacks Investment Research lowered Xcerra Corporation from a buy rating to a hold rating in a research report on Tuesday, April 25th. Stifel Nicolaus lowered Xcerra Corporation from a buy rating to a hold rating and upped their target price for the stock from $10.00 to $10.25 in a research report on Monday, May 15th. Craig Hallum lowered Xcerra Corporation from a buy rating to a hold rating and set a $10.25 target price on the stock. in a research report on Tuesday, April 11th. Finally, DA Davidson lowered Xcerra Corporation from a buy rating to a neutral rating and lowered their price target for the company from $12.00 to $10.25 in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $10.20.

Shares of Xcerra Corporation (XCRA) traded up 1.71% on Friday, hitting $9.51. 638,742 shares of the stock traded hands. The stock has a market cap of $516.08 million, a PE ratio of 29.72 and a beta of 1.59. The stock has a 50 day moving average of $9.61 and a 200-day moving average of $9.30. Xcerra Corporation has a 1-year low of $5.14 and a 1-year high of $10.01.

Xcerra Corporation (NASDAQ:XCRA) last posted its quarterly earnings results on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $103.64 million for the quarter, compared to analysts’ expectations of $97.10 million. Xcerra Corporation had a return on equity of 6.63% and a net margin of 4.86%. On average, equities research analysts expect that Xcerra Corporation will post $0.43 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new stake in Xcerra Corporation during the second quarter worth approximately $106,000. Sensato Investors LLC acquired a new position in shares of Xcerra Corporation during the first quarter worth about $110,000. FNY Partners Fund LP acquired a new position in shares of Xcerra Corporation during the first quarter worth about $120,000. PEAK6 Investments L.P. acquired a new position in shares of Xcerra Corporation during the first quarter worth about $121,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Xcerra Corporation during the first quarter worth about $127,000. 79.02% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Xcerra Corporation (NASDAQ:XCRA)

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