ValuEngine upgraded shares of Xcerra (NASDAQ:XCRA) from a buy rating to a strong-buy rating in a report released on Sunday morning.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Xcerra from a hold rating to a buy rating and set a $11.00 target price on the stock in a report on Saturday, September 2nd. B. Riley reiterated a hold rating and issued a $10.25 target price on shares of Xcerra in a report on Saturday, September 2nd. Finally, BidaskClub cut Xcerra from a hold rating to a sell rating in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $10.40.

Xcerra (NASDAQ XCRA) opened at $9.90 on Friday. Xcerra has a fifty-two week low of $7.21 and a fifty-two week high of $10.15. The firm has a market capitalization of $537.30, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.84 and a beta of 1.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.27 and a quick ratio of 3.23.

Xcerra (NASDAQ:XCRA) last issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. Xcerra had a return on equity of 14.63% and a net margin of 9.30%. The firm had revenue of $120.29 million for the quarter, compared to analysts’ expectations of $108.30 million. equities analysts forecast that Xcerra will post 0.97 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new stake in shares of Xcerra during the second quarter worth about $106,000. Sii Investments Inc. WI purchased a new stake in shares of Xcerra during the third quarter worth about $109,000. Balyasny Asset Management LLC increased its position in shares of Xcerra by 6.5% during the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 870 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Xcerra during the third quarter worth about $144,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Xcerra by 24.8% during the second quarter. UBS Asset Management Americas Inc. now owns 17,096 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors own 84.25% of the company’s stock.

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Xcerra 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Xcerra (NASDAQ:XCRA)

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