Schwab Charles Investment Management Inc. Purchases 504,093 Shares of LTX-Credence Co. common stock (NASDAQ:XCRA)

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Schwab Charles Investment Management Inc. raised its holdings in shares of LTX-Credence Co. common stock (NASDAQ:XCRA) by 212.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 741,413 shares of the semiconductor company’s stock after purchasing an additional 504,093 shares during the period. Schwab Charles Investment Management Inc. owned 1.35% of LTX-Credence Co. common stock worth $8,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. LSV Asset Management increased its stake in LTX-Credence Co. common stock by 870.0% during the 1st quarter. LSV Asset Management now owns 769,600 shares of the semiconductor company’s stock worth $8,965,000 after purchasing an additional 690,260 shares in the last quarter. State of Wisconsin Investment Board grew its stake in shares of LTX-Credence Co. common stock by 94.7% during the 4th quarter. State of Wisconsin Investment Board now owns 1,226,995 shares of the semiconductor company’s stock worth $12,012,000 after acquiring an additional 596,800 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of LTX-Credence Co. common stock by 331.1% during the 1st quarter. Wells Fargo & Company MN now owns 759,502 shares of the semiconductor company’s stock worth $8,848,000 after acquiring an additional 583,316 shares in the last quarter. Algert Global LLC bought a new position in shares of LTX-Credence Co. common stock during the 1st quarter worth approximately $5,121,000. Finally, Hood River Capital Management LLC bought a new position in shares of LTX-Credence Co. common stock during the 1st quarter worth approximately $2,695,000. 83.66% of the stock is owned by institutional investors.

Shares of XCRA traded down $0.06 during midday trading on Friday, reaching $14.16. 692,465 shares of the stock were exchanged, compared to its average volume of 622,196. LTX-Credence Co. common stock has a twelve month low of $9.20 and a twelve month high of $14.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.35 and a current ratio of 4.40. The company has a market capitalization of $780.89 million, a P/E ratio of 14.08, a P/E/G ratio of 1.15 and a beta of 1.49.

LTX-Credence Co. common stock (NASDAQ:XCRA) last posted its earnings results on Wednesday, May 30th. The semiconductor company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. LTX-Credence Co. common stock had a return on equity of 16.54% and a net margin of 10.49%. The company had revenue of $115.70 million during the quarter, compared to the consensus estimate of $112.73 million. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts predict that LTX-Credence Co. common stock will post 1.03 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of LTX-Credence Co. common stock from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. ValuEngine raised LTX-Credence Co. common stock from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 22nd. Stifel Nicolaus downgraded LTX-Credence Co. common stock from a “buy” rating to a “hold” rating and increased their price objective for the company from $13.00 to $14.00 in a report on Tuesday, May 29th. Zacks Investment Research raised LTX-Credence Co. common stock from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, May 30th. Finally, B. Riley downgraded LTX-Credence Co. common stock from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $14.00 in a report on Wednesday, May 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.05.

About LTX-Credence Co. common stock

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.

Institutional Ownership by Quarter for LTX-Credence Co. common stock (NASDAQ:XCRA)

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