Xperi (NASDAQ:XPER) Lowered to "Hold" Rating by StockNews.com

StockNews.com lowered shares of Xperi (NASDAQ:XPER - Free Report) from a buy rating to a hold rating in a research note released on Wednesday morning.

Other equities analysts also recently issued reports about the company. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th. BWS Financial restated a "top pick" rating and set a $30.00 price target on shares of Xperi in a report on Thursday, February 27th.

Xperi Price Performance

NASDAQ XPER traded down $0.07 on Wednesday, reaching $7.96. The company had a trading volume of 586,549 shares, compared to its average volume of 451,275. The firm has a market cap of $362.51 million, a price-to-earnings ratio of -4.19 and a beta of 1.32. Xperi has a fifty-two week low of $6.89 and a fifty-two week high of $12.13. The business has a 50 day moving average of $8.69 and a two-hundred day moving average of $9.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Xperi by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company's stock worth $264,000 after purchasing an additional 1,140 shares in the last quarter. Invesco Ltd. grew its position in shares of Xperi by 1.4% during the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock worth $898,000 after buying an additional 1,183 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock valued at $104,000 after acquiring an additional 1,197 shares in the last quarter. Nebula Research & Development LLC lifted its position in shares of Xperi by 10.1% during the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company's stock valued at $236,000 after acquiring an additional 2,104 shares during the period. Finally, Rhumbline Advisers boosted its stake in Xperi by 3.1% during the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after acquiring an additional 2,253 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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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.