StockNews.com upgraded shares of Xperi (NASDAQ:XPER - Free Report) from a hold rating to a buy rating in a research note published on Thursday.
A number of other research analysts also recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. BWS Financial reissued a "top pick" rating and issued a $30.00 price target on shares of Xperi in a report on Thursday, February 27th.
Get Our Latest Report on Xperi
Xperi Trading Down 4.6 %
XPER stock traded down $0.38 during mid-day trading on Thursday, hitting $7.84. 239,349 shares of the company were exchanged, compared to its average volume of 474,158. The firm has a fifty day simple moving average of $8.59 and a 200 day simple moving average of $9.08. The company has a market capitalization of $356.63 million, a PE ratio of -4.12 and a beta of 1.32. Xperi has a twelve month low of $6.89 and a twelve month high of $12.12.
Institutional Investors Weigh In On Xperi
Hedge funds have recently made changes to their positions in the business. Virtus Fund Advisers LLC acquired a new position in shares of Xperi during the fourth quarter valued at $43,000. BNP Paribas Financial Markets acquired a new position in Xperi during the 4th quarter valued at about $56,000. Harbor Capital Advisors Inc. raised its position in shares of Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock worth $104,000 after buying an additional 1,197 shares in the last quarter. LPL Financial LLC bought a new stake in Xperi during the fourth quarter worth approximately $115,000. Finally, Corton Capital Inc. acquired a new stake in Xperi in the fourth quarter worth approximately $127,000. Institutional investors own 94.28% of the company's stock.
Xperi Company Profile
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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.
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