Xperi (NASDAQ:XPER) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a buy rating in a report released on Sunday morning.

A number of other equities analysts have also recently commented on XPER. Rosenblatt Securities reaffirmed a buy rating and issued a $15.00 target price on shares of Xperi in a report on Friday, March 1st. TheStreet raised shares of Xperi from a d+ rating to a c- rating in a research note on Tuesday, December 26th.

Xperi Stock Down 3.6 %

Shares of NASDAQ:XPER opened at $9.74 on Friday. The company has a market capitalization of $438.59 million, a PE ratio of -3.05 and a beta of 1.76. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. Xperi has a twelve month low of $7.91 and a twelve month high of $13.62. The firm has a 50 day simple moving average of $11.00 and a 200-day simple moving average of $10.38.

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

Institutional Investors Weigh In On Xperi

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Xperi by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 11,797,171 shares of the semiconductor company’s stock worth $166,812,000 after purchasing an additional 367,776 shares in the last quarter. BlackRock Inc. boosted its position in shares of Xperi by 3.5% during the 2nd quarter. BlackRock Inc. now owns 7,053,881 shares of the semiconductor company’s stock worth $92,759,000 after purchasing an additional 239,531 shares in the last quarter. State Street Corp boosted its position in shares of Xperi by 5.8% during the 1st quarter. State Street Corp now owns 4,191,268 shares of the semiconductor company’s stock worth $72,593,000 after purchasing an additional 230,878 shares in the last quarter. Rubric Capital Management LP boosted its position in shares of Xperi by 5.2% during the 3rd quarter. Rubric Capital Management LP now owns 4,043,744 shares of the semiconductor company’s stock worth $39,871,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Xperi by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,674 shares of the semiconductor company’s stock worth $16,075,000 after purchasing an additional 25,253 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.