Xcerra (XCRA) Raised to Strong-Buy at ValuEngine
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.
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.
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.
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