BidaskClub Downgrades Xcerra (XCRA) to Sell

Xcerra (NASDAQ:XCRA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

XCRA has been the subject of a number of other reports. Zacks Investment Research cut shares of Xcerra from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. B. Riley restated a “neutral” rating and set a $10.25 price target on shares of Xcerra in a report on Monday, August 28th. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra in a research note on Friday, September 1st. Finally, ValuEngine upgraded shares of Xcerra from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.40.

Xcerra (NASDAQ:XCRA) traded down $0.01 during mid-day trading on Thursday, reaching $9.91. 505,823 shares of the company’s stock were exchanged, compared to its average volume of 325,986. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.27 and a quick ratio of 2.78. Xcerra has a one year low of $7.05 and a one year high of $10.15. The company has a market capitalization of $544.43, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.58.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XCRA. Principal Financial Group Inc. bought a new stake in shares of Xcerra in the second quarter valued at about $106,000. Sii Investments Inc. WI bought a new stake in shares of Xcerra in the third quarter valued at about $109,000. Balyasny Asset Management LLC lifted its stake in shares of Xcerra by 6.5% in the second quarter. Balyasny Asset Management LLC now owns 14,341 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 870 shares during the period. LMR Partners LLP bought a new stake in shares of Xcerra in the third quarter valued at about $144,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Xcerra in the second quarter valued at about $161,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

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About Xcerra

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 (NASDAQ:XCRA)

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