LTX-Credence Co. (XCRA) Receives $14.00 Consensus Price Target from Brokerages

LTX-Credence Co. (NASDAQ:XCRA) has received an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

Several analysts have recently commented on XCRA shares. BidaskClub cut LTX-Credence from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research cut LTX-Credence from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine cut LTX-Credence from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of LTX-Credence in a report on Tuesday, October 2nd.

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in LTX-Credence by 7.3% during the second quarter. Rhumbline Advisers now owns 52,369 shares of the semiconductor company’s stock worth $732,000 after purchasing an additional 3,585 shares during the last quarter. Element Capital Management LLC acquired a new position in shares of LTX-Credence in the first quarter worth $141,000. First Republic Investment Management Inc. acquired a new position in shares of LTX-Credence in the first quarter worth $142,000. Cubist Systematic Strategies LLC acquired a new position in shares of LTX-Credence in the first quarter worth $158,000. Finally, California Public Employees Retirement System raised its holdings in shares of LTX-Credence by 11.3% in the first quarter. California Public Employees Retirement System now owns 205,925 shares of the semiconductor company’s stock worth $2,399,000 after acquiring an additional 20,906 shares during the last quarter. 87.25% of the stock is owned by hedge funds and other institutional investors.

Shares of XCRA remained flat at $$14.27 during mid-day trading on Wednesday. The stock had a trading volume of 154 shares, compared to its average volume of 415,437. The company has a quick ratio of 3.35, a current ratio of 4.40 and a debt-to-equity ratio of 0.01. The firm has a market cap of $783.64 million, a PE ratio of 29.12, a P/E/G ratio of 1.08 and a beta of 1.21. LTX-Credence has a 1-year low of $9.50 and a 1-year high of $14.87.

About LTX-Credence

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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Analyst Recommendations for LTX-Credence (NASDAQ:XCRA)

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