BWS Financial Reaffirms “Buy” Rating for Xperi (NASDAQ:XPER)

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating reiterated by BWS Financial in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $12.00 price target on the semiconductor company’s stock. BWS Financial’s price target would indicate a potential upside of 101.51% from the stock’s previous close.

Separately, Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of Xperi in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $11.00.

Xperi Stock Down 1.4%

Shares of NASDAQ:XPER traded down $0.09 during midday trading on Tuesday, hitting $5.96. The stock had a trading volume of 22,892 shares, compared to its average volume of 360,777. The company has a market cap of $275.92 million, a P/E ratio of -3.14 and a beta of 1.31. Xperi has a 12 month low of $5.40 and a 12 month high of $9.59. The business’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $6.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XPER. Vanguard Group Inc. raised its holdings in Xperi by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,136,934 shares of the semiconductor company’s stock valued at $26,807,000 after acquiring an additional 327,368 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Xperi by 16.8% in the second quarter. The Manufacturers Life Insurance Company now owns 2,513,079 shares of the semiconductor company’s stock valued at $19,878,000 after purchasing an additional 361,736 shares during the last quarter. Clearline Capital LP grew its position in shares of Xperi by 12.8% in the third quarter. Clearline Capital LP now owns 1,738,981 shares of the semiconductor company’s stock valued at $11,269,000 after purchasing an additional 196,761 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xperi by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 1,560,678 shares of the semiconductor company’s stock worth $12,345,000 after purchasing an additional 40,864 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Xperi by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the semiconductor company’s stock worth $12,039,000 after purchasing an additional 17,984 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Xperi

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.