Xperi (NASDAQ:XPER) had its target price decreased by stock analysts at B. Riley from $30.00 to $28.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target indicates a potential upside of 30.48% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Xperi from a “strong-buy” rating to a “hold” rating in a report on Saturday, October 12th. BidaskClub upgraded Xperi from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine cut Xperi from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Xperi has an average rating of “Hold” and a consensus price target of $30.60.

Shares of XPER traded up $0.12 during midday trading on Thursday, hitting $21.46. 291,300 shares of the stock were exchanged, compared to its average volume of 407,309. The firm has a market cap of $1.05 billion, a P/E ratio of 8.65 and a beta of 0.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 7.58 and a current ratio of 7.58. The stock has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $20.97. Xperi has a 52-week low of $12.61 and a 52-week high of $25.84.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Xperi during the third quarter worth about $30,000. California Public Employees Retirement System increased its position in Xperi by 26.6% in the 3rd quarter. California Public Employees Retirement System now owns 130,181 shares of the semiconductor company’s stock valued at $2,692,000 after acquiring an additional 27,331 shares during the period. Hussman Strategic Advisors Inc. increased its position in Xperi by 138.0% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 178,500 shares of the semiconductor company’s stock valued at $3,691,000 after acquiring an additional 103,500 shares during the period. State of Tennessee Treasury Department increased its position in Xperi by 8.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 52,765 shares of the semiconductor company’s stock valued at $1,091,000 after acquiring an additional 3,918 shares during the period. Finally, Chicago Equity Partners LLC increased its position in Xperi by 33.9% in the 3rd quarter. Chicago Equity Partners LLC now owns 208,260 shares of the semiconductor company’s stock valued at $4,307,000 after acquiring an additional 52,762 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.

Xperi Company Profile

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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