Xperi (NASDAQ:XPER) Stock Rating Upgraded by StockNews.com

Xperi (NASDAQ:XPER) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other brokerages have also recently issued reports on XPER. BWS Financial restated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, August 22nd. Craig Hallum lowered their target price on shares of Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $19.00.

Xperi Stock Down 2.3 %

NASDAQ XPER traded down $0.20 on Wednesday, hitting $8.47. 314,321 shares of the stock were exchanged, compared to its average volume of 524,243. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. Xperi has a fifty-two week low of $6.89 and a fifty-two week high of $12.29. The company has a market cap of $388.01 million, a PE ratio of -3.11 and a beta of 1.57. The company has a 50-day moving average price of $8.01 and a 200-day moving average price of $9.31.

Xperi (NASDAQ:XPER) last issued its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.13. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. The business had revenue of $119.59 million during the quarter, compared to analysts’ expectations of $118.95 million. Sell-side analysts anticipate that Xperi will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Xperi news, Director David C. Habiger purchased 5,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $8.68 per share, for a total transaction of $49,910.00. Following the purchase, the director now directly owns 68,205 shares in the company, valued at $592,019.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 8,600 shares of company stock worth $74,698 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Xperi

Large investors have recently bought and sold shares of the company. ProShare Advisors LLC purchased a new position in Xperi during the 2nd quarter worth $48,000. Harbor Capital Advisors Inc. raised its position in Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after buying an additional 3,416 shares during the last quarter. Gladius Capital Management LP raised its position 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Xperi by 46.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock worth $113,000 after buying an additional 3,262 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Xperi in the 2nd quarter valued at about $141,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.