Xperi (NASDAQ:XPER) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Xperi (NASDAQ:XPER) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

XPER has been the topic of a number of other research reports. Rosenblatt Securities reissued a buy rating and issued a $15.00 target price on shares of Xperi in a report on Friday, March 1st. TheStreet raised Xperi from a d+ rating to a c- rating in a report on Tuesday, December 26th.

Xperi Trading Up 0.8 %

XPER opened at $10.96 on Friday. The firm has a market cap of $493.53 million, a price-to-earnings ratio of -3.44 and a beta of 1.76. Xperi has a 52 week low of $7.91 and a 52 week high of $13.62. The business’s 50 day moving average is $11.03 and its two-hundred day moving average is $10.35. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.13.

Xperi (NASDAQ:XPER) last released its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.16. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $138.90 million. Xperi had a negative return on equity of 7.37% and a negative net margin of 26.20%. On average, research analysts predict that Xperi will post -1.19 EPS for the current year.

Institutional Trading of Xperi

A number of institutional investors have recently modified their holdings of XPER. Assenagon Asset Management S.A. purchased a new stake in shares of Xperi in the fourth quarter valued at approximately $11,994,000. Millennium Management LLC boosted its stake in shares of Xperi by 577.9% in the second quarter. Millennium Management LLC now owns 1,100,739 shares of the semiconductor company’s stock valued at $15,884,000 after buying an additional 938,373 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Xperi by 286.4% in the second quarter. JPMorgan Chase & Co. now owns 1,044,865 shares of the semiconductor company’s stock valued at $13,740,000 after buying an additional 774,461 shares in the last quarter. B. Riley Asset Management LLC purchased a new stake in shares of Xperi in the first quarter valued at approximately $8,099,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Xperi by 367.6% in the first quarter. Goldman Sachs Group Inc. now owns 935,127 shares of the semiconductor company’s stock valued at $16,196,000 after buying an additional 735,159 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.