Xcerra was Downgraded to a Hold Rating at Stifel Nicolaus

Xcerra (NASDAQ: XCRA) received a Hold rating from Stifel Nicolaus analyst Patrick Ho today. The company’s shares closed on Friday at $13.86, close to its 52-week high of $14.17.

According to TipRanks.com, Ho is a 5-star analyst with an average return of 17.6% and a 74.8% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Rudolph Technologies, and Electro Scientific.

Currently, the analyst consensus on Xcerra is Hold and the average price target is $14, representing a 1.0% upside.

In a report issued on May 25, D.A. Davidson also maintained a Hold rating on the stock with a $14 price target.

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Based on Xcerra’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $11.75 million. In comparison, last year the company had a net profit of $7.55 million.

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Xcerra Corp. engages in the provision of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The company also design, manufacture and market products and services that address the broad, divergent requirements of the mobility, industrial, medical, automotive and consumer end markets. It operates through Semi Conductor Test Solutions (STS), and Electronic Manufacturing Solutions (EMS) segments. The STS segment is comprise of semiconductor test, semiconductor handlers, and contractors operating segments. The EMS segment is consist of PCB test, probes and pins, and fixtures operating segments. The company was founded by Roger W. Blethen in 1976 and is headquartered in Norwood, MA.