Xperi (XPER) Cut to Buy at BidaskClub

Xperi (NASDAQ:XPER) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

A number of other brokerages also recently issued reports on XPER. Craig Hallum boosted their price objective on shares of Xperi from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Xperi from a “strong-buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Saturday, February 16th. Finally, ValuEngine raised shares of Xperi from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Xperi has an average rating of “Buy” and an average target price of $26.40.

Shares of XPER stock opened at $24.61 on Wednesday. Xperi has a 1 year low of $12.08 and a 1 year high of $25.84. The company has a quick ratio of 7.34, a current ratio of 7.34 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.21 billion, a PE ratio of 9.92 and a beta of 0.24.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). Xperi had a negative net margin of 0.07% and a positive return on equity of 9.19%. The business had revenue of $141.80 million for the quarter, compared to the consensus estimate of $143.00 million. On average, sell-side analysts forecast that Xperi will post 1.78 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of XPER. Investors Research Corp bought a new position in Xperi in the 1st quarter worth $26,000. Penserra Capital Management LLC bought a new position in Xperi in the 4th quarter worth $30,000. Quantamental Technologies LLC bought a new position in Xperi in the 4th quarter worth $66,000. Nisa Investment Advisors LLC boosted its holdings in Xperi by 24.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,050 shares of the semiconductor company’s stock worth $74,000 after buying an additional 800 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Xperi by 124.7% in the 4th quarter. Bank of Montreal Can now owns 4,646 shares of the semiconductor company’s stock worth $86,000 after buying an additional 2,578 shares during the period. 97.26% of the stock is owned by institutional investors.

About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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