Xperi (NASDAQ:XPER) Earns Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Xperi (NASDAQ:XPER) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $15.00 price objective on the semiconductor company’s stock.

Other research analysts also recently issued reports about the company. StockNews.com downgraded Xperi from a buy rating to a hold rating in a report on Friday, May 10th. BWS Financial reissued a top pick rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, May 9th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Xperi currently has an average rating of Buy and an average target price of $19.00.

Xperi Stock Up 2.0 %

Shares of XPER opened at $7.29 on Tuesday. The company has a market capitalization of $329.14 million, a P/E ratio of -2.68 and a beta of 1.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.10. Xperi has a one year low of $6.89 and a one year high of $13.16. The business’s 50 day simple moving average is $7.94 and its 200-day simple moving average is $9.68.

Xperi (NASDAQ:XPER) last announced its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $118.84 million for the quarter, compared to the consensus estimate of $125.23 million. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. As a group, sell-side analysts predict that Xperi will post -0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Gladius Capital Management LP lifted its holdings in Xperi by 16.1% during the 4th quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock worth $100,000 after buying an additional 1,267 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Xperi by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 35,706 shares of the semiconductor company’s stock worth $393,000 after buying an additional 2,002 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Xperi by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company’s stock worth $758,000 after buying an additional 2,030 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Xperi by 46.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 3,262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 3,416 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Xperi

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.