BidaskClub cut shares of Xperi (NASDAQ:XPER) from a sell rating to a strong sell rating in a report released on Friday.

XPER has been the topic of several other research reports. ValuEngine downgraded Xperi from a sell rating to a strong sell rating in a research report on Tuesday, September 4th. Craig Hallum set a $25.00 price target on Xperi and gave the stock a buy rating in a research report on Thursday, August 9th. Royal Bank of Canada restated a buy rating and set a $22.00 target price on shares of Xperi in a research note on Thursday, August 9th. B. Riley initiated coverage on Xperi in a research note on Thursday, July 19th. They set a buy rating and a $26.00 target price for the company. Finally, National Securities initiated coverage on Xperi in a research note on Thursday, September 6th. They issued a buy rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $28.80.

NASDAQ:XPER opened at $14.85 on Friday. Xperi has a 1 year low of $14.75 and a 1 year high of $28.33. The company has a quick ratio of 7.92, a current ratio of 7.92 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $756.09 million, a price-to-earnings ratio of 11.06 and a beta of 0.52.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Wednesday, August 8th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). Xperi had a negative net margin of 19.66% and a positive return on equity of 5.68%. The firm had revenue of $100.69 million during the quarter, compared to the consensus estimate of $101.00 million. equities research analysts anticipate that Xperi will post 2.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Shareholders of record on Thursday, August 16th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.39%. Xperi’s dividend payout ratio is currently 58.39%.

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Xperi in the 1st quarter valued at approximately $127,000. Mackay Shields LLC purchased a new position in Xperi in the first quarter worth $923,000. Prudential Financial Inc. grew its position in Xperi by 69.9% in the first quarter. Prudential Financial Inc. now owns 138,125 shares of the semiconductor company’s stock worth $2,921,000 after acquiring an additional 56,850 shares in the last quarter. Swiss National Bank grew its position in Xperi by 4.2% in the first quarter. Swiss National Bank now owns 86,200 shares of the semiconductor company’s stock worth $1,823,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Xperi by 10.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 354,399 shares of the semiconductor company’s stock worth $7,496,000 after acquiring an additional 34,105 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors.

About Xperi

Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.

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Analyst Recommendations for Xperi (NASDAQ:XPER)

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