BidaskClub lowered shares of LTX-Credence (NASDAQ:XCRA) from a sell rating to a strong sell rating in a research report released on Thursday, September 13th.
Several other brokerages have also commented on XCRA. Zacks Investment Research upgraded shares of LTX-Credence from a hold rating to a buy rating and set a $16.00 price objective on the stock in a report on Wednesday, May 30th. ValuEngine downgraded shares of LTX-Credence from a strong-buy rating to a buy rating in a research note on Saturday, June 2nd. Finally, Stifel Nicolaus downgraded shares of LTX-Credence from a buy rating to a hold rating and upped their target price for the stock from $13.00 to $14.00 in a research note on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $14.05.
Shares of XCRA stock remained flat at $$14.27 during trading hours on Thursday. 154 shares of the stock traded hands, compared to its average volume of 415,437. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.35 and a current ratio of 4.40. LTX-Credence has a 52-week low of $9.50 and a 52-week high of $14.87. The firm has a market cap of $783.64 million, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.08 and a beta of 1.21.
A number of institutional investors and hedge funds have recently made changes to their positions in XCRA. Rhumbline Advisers increased its position in shares of LTX-Credence by 7.3% in the 2nd quarter. Rhumbline Advisers now owns 52,369 shares of the semiconductor company’s stock valued at $732,000 after purchasing an additional 3,585 shares during the last quarter. Element Capital Management LLC purchased a new stake in shares of LTX-Credence in the 1st quarter valued at approximately $141,000. First Republic Investment Management Inc. purchased a new stake in shares of LTX-Credence in the 1st quarter valued at approximately $142,000. Cubist Systematic Strategies LLC purchased a new stake in shares of LTX-Credence in the 1st quarter valued at approximately $158,000. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in shares of LTX-Credence in the 1st quarter valued at approximately $181,000. 87.25% of the stock is currently owned by hedge funds and other institutional investors.
LTX-Credence 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.
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