LTX-Credence (XCRA) Lowered to Hold at ValuEngine

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ValuEngine lowered shares of LTX-Credence (NASDAQ:XCRA) from a buy rating to a hold rating in a report published on Tuesday, September 18th.

Several other equities analysts have also weighed in on the stock. BidaskClub lowered shares of LTX-Credence from a sell rating to a strong sell rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded shares of LTX-Credence from a buy rating to a hold rating in a report on Wednesday, August 1st. Finally, Stifel Nicolaus downgraded shares of LTX-Credence from a buy rating to a hold rating and increased their price target for the stock from $13.00 to $14.00 in a report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $14.05.

XCRA remained flat at $$14.27 during trading on Tuesday. 154 shares of the company traded hands, compared to its average volume of 415,437. The company has a market capitalization 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. 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 one year low of $9.50 and a one year high of $14.87.

Several institutional investors have recently made changes to their positions in XCRA. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of LTX-Credence by 70.9% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,285 shares of the semiconductor company’s stock worth $2,742,000 after purchasing an additional 81,455 shares during the last quarter. Gabelli Funds LLC increased its position in shares of LTX-Credence by 81.9% in the second quarter. Gabelli Funds LLC now owns 145,250 shares of the semiconductor company’s stock worth $2,029,000 after purchasing an additional 65,393 shares during the last quarter. LSV Asset Management increased its position in shares of LTX-Credence by 141.4% in the second quarter. LSV Asset Management now owns 1,858,022 shares of the semiconductor company’s stock worth $25,956,000 after purchasing an additional 1,088,422 shares during the last quarter. SG Americas Securities LLC increased its position in shares of LTX-Credence by 2,054.0% in the second quarter. SG Americas Securities LLC now owns 356,788 shares of the semiconductor company’s stock worth $4,984,000 after purchasing an additional 340,224 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of LTX-Credence by 7.3% in 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. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for LTX-Credence (NASDAQ:XCRA)

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