Xperi (NASDAQ:XPER) Stock Rating Reaffirmed by BWS Financial

BWS Financial reissued their top pick rating on shares of Xperi (NASDAQ:XPER - Free Report) in a research report sent to investors on Thursday, Benzinga reports. BWS Financial currently has a $30.00 price target on the semiconductor company's stock.

A number of other equities analysts have also recently weighed in on the company. Rosenblatt Securities reissued a buy rating and issued a $15.00 price target on shares of Xperi in a report on Tuesday, August 6th. StockNews.com raised shares of Xperi from a hold rating to a buy rating in a research note on Thursday, August 15th. Finally, Craig Hallum decreased their price target on shares of Xperi from $15.00 to $12.00 and set a buy rating on the stock in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of $19.00.

Xperi Price Performance

Xperi stock traded down $0.14 during trading hours on Thursday, hitting $8.52. The stock had a trading volume of 379,247 shares, compared to its average volume of 520,181. Xperi has a 1-year low of $6.89 and a 1-year high of $12.29. The stock has a market capitalization of $390.30 million, a price-to-earnings ratio of -3.13 and a beta of 1.56. The stock's fifty day moving average is $7.84 and its two-hundred day moving average is $9.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.01.

Hedge Funds Weigh In On Xperi

Large investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP raised its stake in Xperi by 2.5% during the second quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company's stock worth $34,020,000 after purchasing an additional 100,000 shares during the period. Clearline Capital LP raised its position in shares of Xperi by 37.9% in the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company's stock worth $19,374,000 after buying an additional 648,207 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Xperi by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,421,844 shares of the semiconductor company's stock valued at $11,673,000 after acquiring an additional 56,166 shares during the last quarter. Renaissance Technologies LLC increased its stake in Xperi by 15.2% during the second quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company's stock worth $6,400,000 after acquiring an additional 103,060 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Xperi by 55.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company's stock worth $9,123,000 after purchasing an additional 269,604 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Company Profile

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.