StockNews.com cut shares of Xperi (NASDAQ:XPER – Free Report) from a buy rating to a hold rating in a research report report published on Thursday morning.
Several other brokerages have also issued reports on XPER. Craig Hallum dropped their target price on shares of Xperi from $15.00 to $12.00 and set a buy rating for the company in a research report on Tuesday, August 6th. BWS Financial restated a top pick rating and issued a $30.00 target price on shares of Xperi in a research report on Thursday, August 22nd. Finally, Rosenblatt Securities reiterated a buy rating and set a $15.00 price target on shares of Xperi in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Xperi presently has an average rating of Buy and an average target price of $19.00.
Xperi Stock Performance
Shares of XPER stock traded up $0.10 during trading on Thursday, reaching $8.75. 214,280 shares of the company’s stock traded hands, compared to its average volume of 520,220. The firm’s 50-day moving average is $8.05 and its 200 day moving average is $9.21. The company has a market capitalization of $395.05 million, a P/E ratio of -3.21 and a beta of 1.57. Xperi has a 1 year low of $6.89 and a 1 year high of $12.29. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.14.
Xperi (NASDAQ:XPER – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.13. The firm had revenue of $119.59 million for the quarter, compared to the consensus estimate of $118.95 million. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. Equities research analysts expect that Xperi will post -0.83 EPS for the current year.
Insider Transactions at Xperi
In other news, Director David C. Habiger bought 5,750 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $8.68 per share, with a total value of $49,910.00. Following the transaction, the director now owns 68,205 shares of the company’s stock, valued at $592,019.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 8,600 shares of company stock valued at $74,698. Company insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On Xperi
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Xperi by 68.6% in the 4th quarter. Russell Investments Group Ltd. now owns 25,905 shares of the semiconductor company’s stock worth $285,000 after buying an additional 10,543 shares during the last quarter. Jump Financial LLC bought a new position in shares of Xperi in the 4th quarter worth approximately $911,000. Trexquant Investment LP bought a new position in shares of Xperi in the 4th quarter worth approximately $546,000. Wellington Management Group LLP increased its holdings in Xperi by 16.1% during the fourth quarter. Wellington Management Group LLP now owns 640,768 shares of the semiconductor company’s stock valued at $7,061,000 after buying an additional 88,974 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Xperi by 409.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 18,508 shares during the period. 94.28% of the stock is owned by 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.