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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 1.41
LTXC's Cash to Debt is ranked higher than
53% of the 1013 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.92 vs. LTXC: 1.41 )
LTXC' s 10-Year Cash to Debt Range
Min: 0.17   Max: No Debt
Current: 1.41

Equity to Asset 0.57
LTXC's Equity to Asset is ranked higher than
56% of the 1005 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.65 vs. LTXC: 0.57 )
LTXC' s 10-Year Equity to Asset Range
Min: 0.28   Max: 0.84
Current: 0.57

0.28
0.84
F-Score: 2
Z-Score: 0.41
M-Score: -1.77
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating margin (%) -8.47
LTXC's Operating margin (%) is ranked lower than
54% of the 989 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.37 vs. LTXC: -8.47 )
LTXC' s 10-Year Operating margin (%) Range
Min: -118.94   Max: 18.54
Current: -8.47

-118.94
18.54
Net-margin (%) -7.98
LTXC's Net-margin (%) is ranked lower than
53% of the 989 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.59 vs. LTXC: -7.98 )
LTXC' s 10-Year Net-margin (%) Range
Min: -123.59   Max: 25.77
Current: -7.98

-123.59
25.77
ROE (%) -6.11
LTXC's ROE (%) is ranked higher than
50% of the 984 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.33 vs. LTXC: -6.11 )
LTXC' s 10-Year ROE (%) Range
Min: -146.4   Max: 24.96
Current: -6.11

-146.4
24.96
ROA (%) -4.90
LTXC's ROA (%) is ranked lower than
52% of the 998 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. LTXC: -4.90 )
LTXC' s 10-Year ROA (%) Range
Min: -55.51   Max: 19.89
Current: -4.9

-55.51
19.89
ROC (Joel Greenblatt) (%) -32.45
LTXC's ROC (Joel Greenblatt) (%) is ranked lower than
61% of the 998 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.03 vs. LTXC: -32.45 )
LTXC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -329.32   Max: 105.36
Current: -32.45

-329.32
105.36
Revenue Growth (%) -12.60
LTXC's Revenue Growth (%) is ranked higher than
53% of the 705 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -0.60 vs. LTXC: -12.60 )
LTXC' s 10-Year Revenue Growth (%) Range
Min: -31.3   Max: 13.1
Current: -12.6

-31.3
13.1
» LTXC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

LTXC Guru Trades in Q1 2013

Chuck Royce 1,941,914 sh (+9.59%)
Jim Simons 899,400 sh (-12.6%)
» More
Q2 2013

LTXC Guru Trades in Q2 2013

Chuck Royce 2,155,224 sh (+10.98%)
Jim Simons 796,400 sh (-11.45%)
» More
Q3 2013

LTXC Guru Trades in Q3 2013

Steven Cohen 13,000 sh (New)
Chuck Royce 2,246,723 sh (+4.25%)
Jim Simons 687,500 sh (-13.67%)
» More
Q4 2013

LTXC Guru Trades in Q4 2013

Chuck Royce 3,325,123 sh (+48%)
Steven Cohen Sold Out
Jim Simons 537,552 sh (-21.81%)
» More
» Details

Insider Trades

Latest Guru Trades with LTXC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-03-31 Sold Out 0.01%$5.42 - $7.72 $ 8.9741%0
Joel Greenblatt 2011-09-30 Add 70.56%0.01%$5.33 - $9.29 $ 8.9734%18260
Joel Greenblatt 2011-03-31 New Buy0.03%$7.32 - $9.71 $ 8.974%11998
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/B 2.30
LTXC's P/B is ranked lower than
56% of the 982 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.79 vs. LTXC: 2.30 )
LTXC' s 10-Year P/B Range
Min: 0.17   Max: 12.86
Current: 2.3

0.17
12.86
P/S 2.45
LTXC's P/S is ranked lower than
65% of the 1019 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.65 vs. LTXC: 2.45 )
LTXC' s 10-Year P/S Range
Min: 0.1   Max: 6.33
Current: 2.45

0.1
6.33
EV-to-EBIT 27.00
LTXC's EV-to-EBIT is ranked lower than
58% of the 698 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 20.80 vs. LTXC: 27.00 )
LTXC' s 10-Year EV-to-EBIT Range
Min: 2.3   Max: 111.2
Current: 27

2.3
111.2

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 10.90
LTXC's Price/Net Current Asset Value is ranked lower than
64% of the 481 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.00 vs. LTXC: 10.90 )
LTXC' s 10-Year Price/Net Current Asset Value Range
Min: 2.28   Max: 661
Current: 10.9

2.28
661
Price/Tangible Book 3.20
LTXC's Price/Tangible Book is ranked lower than
62% of the 969 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. LTXC: 3.20 )
LTXC' s 10-Year Price/Tangible Book Range
Min: 0.58   Max: 13.95
Current: 3.2

0.58
13.95
Price/DCF (Projected) 2.30
LTXC's Price/DCF (Projected) is ranked lower than
56% of the 374 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.50 vs. LTXC: 2.30 )
LTXC' s 10-Year Price/DCF (Projected) Range
Min: 1.15   Max: 25.45
Current: 2.3

1.15
25.45
Price/Median PS Value 1.40
LTXC's Price/Median PS Value is ranked lower than
61% of the 952 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. LTXC: 1.40 )
LTXC' s 10-Year Price/Median PS Value Range
Min: 0.09   Max: 4.21
Current: 1.4

0.09
4.21
Earnings Yield (Greenblatt) 3.70
LTXC's Earnings Yield (Greenblatt) is ranked lower than
52% of the 750 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.60 vs. LTXC: 3.70 )
LTXC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.9   Max: 43.3
Current: 3.7

0.9
43.3
Forward Rate of Return (Yacktman) 1.39
LTXC's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 572 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. LTXC: 1.39 )
LTXC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -27   Max: 3.1
Current: 1.39

-27
3.1

Business Description

Industry: Semiconductors » Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, LRCX » details
LTX-Credence Corporation was incorporated in Massachusetts in 1976. The Company provides market-focused, cost-optimized automated test equipment (ATE) solutions for the semiconductor industry. It designs, manufactures, markets and services ATE solutions that address the broad, divergent test requirements of the wireless, computing, automotive and digital consumer market segments of the semiconductor industry. Semiconductor designers and manufacturers worldwide use its equipment to test their devices during the manufacturing process. After testing, these devices are incorporated in a range of products, including personal and tablet computers, mobile internet equipment such as wireless access points and interfaces, broadband access products such as cable modems and set top boxes, personal communication and entertainment products such as mobile phones and personal digital music players, consumer products such as televisions, videogame systems and digital cameras, automobile electronics and power management devises used in portable and automotive electronics. It also sell hardware and software support and maintenance services for its test systems. The Company operates as one reporting segment, that is, the design, manufacture and marketing of automated test equipment for the semiconductor industry that is used to test system-on-a-chip, digital, analog and mixed signal integrated circuits. Its product portfolio consists of three segment focused, scalable platforms: Diamond Platform, X-Series Platform, and ASL Platform. The Diamond platform offers high density packaging for low cost testing of microcontrollers and cost sensitive consumer and digital-based ASSP and ASIC devices. The Diamond platform leverages electronics integration and air-cooling to produce a compact form factor and utilizes high density technology in a variety of instruments for digital and mixed signal addressing embedded analog testing. The X-Series platform offers configurations for optimal testing of analog-based ASSP and ASIC, power, automotive, mixed signal and RF applications. The X-Series offers four scalable, compatible configurations, each using common instrumentation and software, to enable flexible deployment while optimizing capital investment. It offers a range of digital, analog, RF and DSP test hardware coupled with its software offerings to provide a flexible, scalable test environment that addresses the test requirements of complex mixed signal and RF devices on a single system. The ASL platform is the market leader for testing linear, low-end mixed signal, precision analog, and power management devices. The ASL tests traditional analog function blocks such as amplifiers, regulators, switches and converters, either as individual ICs or as larger function ICs such as battery power management devices in portable electronics devices. Its competitors include Advantest Corporation and Teradyne Inc. The Company's facilities are subjected to numerous laws

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