Xperi (NASDAQ:XPER) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a buy rating in a report released on Tuesday morning.

Other research analysts have also issued reports about the company. BWS Financial reiterated a top pick rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, May 9th. Rosenblatt Securities reiterated a buy rating and issued a $15.00 target price on shares of Xperi in a report on Tuesday. Finally, Craig Hallum decreased their target price on Xperi from $15.00 to $12.00 and set a buy rating for the company in a report on Tuesday. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $19.00.

Xperi Trading Up 2.0 %

Shares of NASDAQ XPER opened at $7.29 on Tuesday. Xperi has a twelve month low of $6.89 and a twelve month high of $13.16. The company has a current ratio of 2.01, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $9.68. The stock has a market capitalization of $329.14 million, a PE ratio of -2.68 and a beta of 1.56.

Xperi (NASDAQ:XPER) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $118.84 million during the quarter, compared to analyst estimates of $125.23 million. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. On average, equities analysts forecast that Xperi will post -0.95 earnings per share for the current year.

Institutional Trading of Xperi

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 3,416 shares during the last quarter. Gladius Capital Management LP lifted its holdings in shares of Xperi by 16.1% in the 4th quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 1,267 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Xperi by 46.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 3,262 shares during the last quarter. EWA LLC purchased a new stake in shares of Xperi in the 4th quarter valued at about $128,000. Finally, MQS Management LLC purchased a new stake in shares of Xperi in the 1st quarter valued at about $185,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.