BidaskClub downgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a sell rating in a research note issued to investors on Thursday.

XPER has been the topic of a number of other research reports. Zacks Investment Research upgraded Xperi from a strong sell rating to a hold rating in a research note on Thursday, September 28th. Bank of America lowered Xperi from a buy rating to a neutral rating in a research note on Friday, November 3rd.

Shares of Xperi (NASDAQ:XPER) traded down $0.25 during mid-day trading on Thursday, hitting $22.65. The stock had a trading volume of 410,400 shares, compared to its average volume of 585,578. Xperi has a 1-year low of $16.70 and a 1-year high of $45.90. The stock has a market capitalization of $1,120.00, a price-to-earnings ratio of -15.62 and a beta of 0.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.15 and a quick ratio of 3.15.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). Xperi had a positive return on equity of 8.10% and a negative net margin of 22.54%. The business had revenue of $88.50 million for the quarter, compared to analysts’ expectations of $94.20 million. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year.

In other Xperi news, Director Richard Hill purchased 10,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $18.75 per share, for a total transaction of $187,500.00. Following the completion of the purchase, the director now owns 60,854 shares of the company’s stock, valued at $1,141,012.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Andrew Riedel purchased 3,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the purchase, the director now directly owns 24,527 shares of the company’s stock, valued at approximately $480,238.66. The disclosure for this purchase can be found here. Insiders have bought 21,388 shares of company stock worth $400,127 in the last 90 days. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its position in Xperi by 68.9% in the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 1,997 shares during the last quarter. Quantitative Investment Management LLC boosted its position in Xperi by 32.7% in the second quarter. Quantitative Investment Management LLC now owns 104,000 shares of the semiconductor company’s stock valued at $3,099,000 after buying an additional 25,600 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Xperi by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock valued at $194,000 after buying an additional 116 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in Xperi in the second quarter valued at approximately $276,000. Finally, Flinton Capital Management LLC boosted its position in Xperi by 65.1% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 1,904 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/01/15/xperi-xper-cut-to-sell-at-bidaskclub.html.

About Xperi

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.

Receive News & Ratings for Xperi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xperi and related companies with MarketBeat.com's FREE daily email newsletter.