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

Xperi (NASDAQ:XPER - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.

XPER has been the topic of a number of other research reports. Craig Hallum dropped their target price on Xperi from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. BWS Financial reaffirmed a "top pick" rating and issued a $30.00 price target on shares of Xperi in a research note on Thursday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Xperi currently has an average rating of "Buy" and a consensus price target of $19.00.

Xperi Trading Up 2.6 %

XPER traded up $0.22 during trading on Friday, reaching $8.74. The company had a trading volume of 373,630 shares, compared to its average volume of 519,282. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.01 and a current ratio of 2.01. Xperi has a 12-month low of $6.89 and a 12-month high of $12.29. The company has a market cap of $400.38 million, a price-to-earnings ratio of -3.21 and a beta of 1.56. The firm's 50-day simple moving average is $7.87 and its 200 day simple moving average is $9.43.

Insider Activity at Xperi

In related news, Director David C. Habiger bought 5,750 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $8.68 per share, with a total value of $49,910.00. Following the acquisition, the director now owns 68,205 shares in the company, valued at approximately $592,019.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xperi

Several large investors have recently made changes to their positions in XPER. ProShare Advisors LLC acquired a new stake in Xperi during the 2nd quarter valued at $48,000. Harbor Capital Advisors Inc. increased its stake in shares of Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock valued at $70,000 after buying an additional 3,416 shares during the period. Gladius Capital Management LP raised its holdings in Xperi by 16.1% during the 4th quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company's stock worth $100,000 after purchasing an additional 1,267 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Xperi by 46.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company's stock worth $113,000 after buying an additional 3,262 shares during the period. Finally, EWA LLC bought a new position in Xperi in the fourth quarter valued at approximately $128,000. Institutional investors own 94.28% of the company's stock.

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.