Rosenblatt Securities Reiterates Buy Rating for Xperi (NASDAQ:XPER)

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $10.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 80.02% from the stock’s current price.

Separately, BWS Financial reissued a “buy” rating and set a $12.00 target price on shares of Xperi in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Xperi currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Xperi Stock Performance

Shares of Xperi stock opened at $5.56 on Thursday. Xperi has a fifty-two week low of $5.07 and a fifty-two week high of $8.96. The company has a market capitalization of $257.39 million, a P/E ratio of -2.92 and a beta of 1.31. The company has a fifty day moving average of $5.79 and a 200 day moving average of $6.09.

Institutional Trading of Xperi

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Xperi by 285.3% during the 1st quarter. AQR Capital Management LLC now owns 62,375 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 46,186 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Xperi by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the semiconductor company’s stock valued at $12,039,000 after purchasing an additional 17,984 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Xperi by 647.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 101,857 shares of the semiconductor company’s stock valued at $806,000 after purchasing an additional 88,237 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Xperi by 53.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,237,645 shares of the semiconductor company’s stock valued at $9,790,000 after purchasing an additional 432,689 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Xperi in the 2nd quarter worth $724,000. Institutional investors own 94.28% of the company’s stock.

Xperi Company Profile

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.