StockNews.com Begins Coverage on Xperi (NASDAQ:XPER)

StockNews.com assumed coverage on shares of Xperi (NASDAQ:XPERGet Rating) in a report released on Monday. The brokerage issued a strong-buy rating on the semiconductor company’s stock.

Several other analysts have also weighed in on the company. Maxim Group assumed coverage on Xperi in a research note on Tuesday, October 11th. They issued a buy rating and a $23.00 price objective on the stock. Stephens initiated coverage on Xperi in a report on Tuesday, August 2nd. They issued an equal weight rating and a $19.00 target price for the company. Finally, BWS Financial upgraded Xperi from a buy rating to a strong-buy rating in a report on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Xperi currently has an average rating of Buy and an average target price of $24.00.

Xperi Trading Down 0.6 %

XPER opened at $10.32 on Monday. Xperi has a 1-year low of $10.04 and a 1-year high of $26.00. The stock’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $14.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.36 and a current ratio of 2.36.

Hedge Funds Weigh In On Xperi

A number of institutional investors have recently added to or reduced their stakes in XPER. Thompson Siegel & Walmsley LLC boosted its holdings in Xperi by 8.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 772,320 shares of the semiconductor company’s stock valued at $11,145,000 after acquiring an additional 57,705 shares during the period. TSP Capital Management Group LLC increased its position in Xperi by 3.2% during the 2nd quarter. TSP Capital Management Group LLC now owns 834,763 shares of the semiconductor company’s stock valued at $12,046,000 after buying an additional 25,829 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in Xperi by 222.2% during the 2nd quarter. Counterpoint Mutual Funds LLC now owns 16,372 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 11,290 shares in the last quarter. New York State Common Retirement Fund increased its position in Xperi by 47.0% during the 1st quarter. New York State Common Retirement Fund now owns 111,142 shares of the semiconductor company’s stock valued at $1,925,000 after buying an additional 35,550 shares in the last quarter. Finally, Intersect Capital LLC boosted its stake in Xperi by 170.1% during the 1st quarter. Intersect Capital LLC now owns 28,268 shares of the semiconductor company’s stock valued at $490,000 after purchasing an additional 17,802 shares during the last quarter. 90.50% of the stock is currently owned by institutional investors.

About Xperi

(Get Rating)

Xperi Inc provides software and services in the United States. 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 solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and service, including schedules, listings, app content linking services, and advanced metadata, such as moods, tones, themes and topics; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.

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