Xcerra Corporation’s (XCRA) “Neutral” Rating Reiterated at B. Riley
Xcerra Corporation (NASDAQ:XCRA)‘s stock had its “neutral” rating reaffirmed by research analysts at B. Riley in a report issued on Monday.
XCRA has been the topic of several other research reports. Stifel Nicolaus downgraded shares of Xcerra Corporation from a “buy” rating to a “hold” rating and upped their price objective for the company from $10.00 to $10.25 in a research note on Monday, May 15th. BidaskClub downgraded shares of Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.20.
Shares of Xcerra Corporation (XCRA) opened at 9.56 on Monday. Xcerra Corporation has a one year low of $5.14 and a one year high of $10.01. The company has a market capitalization of $518.79 million, a price-to-earnings ratio of 29.88 and a beta of 1.59. The company’s 50-day moving average price is $9.57 and its 200-day moving average price is $9.37.
Xcerra Corporation (NASDAQ:XCRA) last announced its quarterly earnings data on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $103.64 million for the quarter, compared to the consensus estimate of $97.10 million. Xcerra Corporation had a net margin of 4.86% and a return on equity of 6.63%. On average, equities research analysts predict that Xcerra Corporation will post $0.43 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Xcerra Corporation during the second quarter valued at approximately $106,000. Sensato Investors LLC bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $110,000. FNY Partners Fund LP bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $120,000. PEAK6 Investments L.P. bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $121,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Xcerra Corporation during the first quarter valued at approximately $127,000. 79.02% of the stock is owned by hedge funds and other 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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