Xperi (XPER) Rating Lowered to Hold at BidaskClub

Xperi (NASDAQ:XPER) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

A number of other equities analysts have also recently commented on XPER. ValuEngine cut Xperi from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Xperi in a report on Monday, May 13th. National Securities reissued a “buy” rating and set a $36.00 price target on shares of Xperi in a report on Thursday, May 9th. Zacks Investment Research raised Xperi from a “strong sell” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Craig Hallum boosted their price target on Xperi from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $29.60.

Xperi stock opened at $22.56 on Friday. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 0.76. Xperi has a 52 week low of $12.08 and a 52 week high of $25.84. The firm has a market cap of $1.11 billion, a PE ratio of 9.10 and a beta of 0.26.

Xperi (NASDAQ:XPER) last posted its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). Xperi had a return on equity of 20.08% and a net margin of 1.92%. The business had revenue of $141.80 million for the quarter, compared to analyst estimates of $143.00 million. As a group, research analysts forecast that Xperi will post 1.97 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in Xperi by 0.7% in the 1st quarter. Arizona State Retirement System now owns 75,052 shares of the semiconductor company’s stock worth $1,756,000 after purchasing an additional 489 shares in the last quarter. Mason Street Advisors LLC increased its holdings in Xperi by 3.9% in the 1st quarter. Mason Street Advisors LLC now owns 15,625 shares of the semiconductor company’s stock worth $366,000 after purchasing an additional 589 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in Xperi by 5.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 12,188 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 656 shares in the last quarter. Texas Permanent School Fund increased its holdings in Xperi by 2.6% in the 4th quarter. Texas Permanent School Fund now owns 31,684 shares of the semiconductor company’s stock worth $583,000 after purchasing an additional 792 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in Xperi by 0.7% in the 4th quarter. DAVENPORT & Co LLC now owns 109,495 shares of the semiconductor company’s stock worth $2,014,000 after purchasing an additional 797 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

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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