Stifel Nicolaus cut shares of LTX-Credence Co. common stock (NASDAQ:XCRA) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat reports. The firm currently has $14.00 price objective on the semiconductor company’s stock, up from their prior price objective of $13.00.

A number of other equities analysts have also recently issued reports on XCRA. B. Riley cut shares of LTX-Credence Co. common stock from a buy rating to a neutral rating and decreased their price target for the company from $15.00 to $14.00 in a research report on Wednesday, May 9th. ValuEngine upgraded shares of LTX-Credence Co. common stock from a buy rating to a strong-buy rating in a research report on Tuesday, May 22nd. Needham & Company LLC cut shares of LTX-Credence Co. common stock from a buy rating to a hold rating in a research report on Wednesday, May 9th. DA Davidson cut shares of LTX-Credence Co. common stock from a buy rating to a neutral rating in a research report on Tuesday, May 8th. Finally, BidaskClub upgraded shares of LTX-Credence Co. common stock from a buy rating to a strong-buy rating in a research report on Wednesday, April 4th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $14.05.

LTX-Credence Co. common stock opened at $13.77 on Tuesday, MarketBeat reports. The company has a market cap of $757.82 million, a P/E ratio of 28.10, a P/E/G ratio of 1.13 and a beta of 1.44. LTX-Credence Co. common stock has a 1 year low of $9.20 and a 1 year high of $14.17. The company has a quick ratio of 3.59, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

LTX-Credence Co. common stock (NASDAQ:XCRA) last released its quarterly earnings data on Wednesday, May 30th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $115.70 million during the quarter, compared to analysts’ expectations of $112.73 million. LTX-Credence Co. common stock had a net margin of 10.49% and a return on equity of 16.92%. LTX-Credence Co. common stock’s quarterly revenue was up 11.7% on a year-over-year basis. research analysts expect that LTX-Credence Co. common stock will post 1.02 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Element Capital Management LLC acquired a new position in LTX-Credence Co. common stock in the 1st quarter valued at approximately $141,000. First Republic Investment Management Inc. acquired a new position in LTX-Credence Co. common stock in the 1st quarter valued at approximately $142,000. Cubist Systematic Strategies LLC acquired a new position in LTX-Credence Co. common stock in the 1st quarter valued at approximately $158,000. Paloma Partners Management Co acquired a new position in LTX-Credence Co. common stock in the 4th quarter valued at approximately $137,000. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of LTX-Credence Co. common stock during the first quarter worth $181,000. Hedge funds and other institutional investors own 83.50% of the company’s stock.

LTX-Credence Co. common stock Company Profile

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.

Analyst Recommendations for LTX-Credence Co. common stock (NASDAQ:XCRA)

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