Xperi (NASDAQ:XPER) Given Top Pick Rating at BWS Financial

Xperi (NASDAQ:XPER - Get Free Report)'s stock had its "top pick" rating reissued by equities research analysts at BWS Financial in a research report issued on Thursday,Benzinga reports. They currently have a $30.00 price target on the semiconductor company's stock. BWS Financial's target price would indicate a potential upside of 251.29% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price objective on shares of Xperi in a research report on Tuesday, August 6th. StockNews.com cut Xperi from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. Finally, Craig Hallum reduced their price objective on Xperi from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $19.00.

Xperi Stock Down 13.9 %

Shares of Xperi stock traded down $1.38 on Thursday, hitting $8.54. 852,203 shares of the company's stock traded hands, compared to its average volume of 500,784. Xperi has a 52-week low of $6.89 and a 52-week high of $12.29. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. The stock has a market cap of $391.22 million, a P/E ratio of -3.45 and a beta of 1.54. The firm's 50-day moving average is $8.98 and its 200 day moving average is $8.70.

Xperi (NASDAQ:XPER - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.13. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. The firm had revenue of $119.59 million for the quarter, compared to analysts' expectations of $118.95 million. Equities analysts anticipate that Xperi will post -0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Xperi news, Director David C. Habiger acquired 5,750 shares of Xperi stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $8.68 per share, with a total value of $49,910.00. Following the completion of the transaction, the director now owns 68,205 shares of the company's stock, valued at $592,019.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Xperi news, CEO Jon Kirchner acquired 5,000 shares of Xperi stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $8.65 per share, with a total value of $43,250.00. Following the completion of the purchase, the chief executive officer now owns 523,692 shares in the company, valued at $4,529,935.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Habiger bought 5,750 shares of Xperi stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of $8.68 per share, for a total transaction of $49,910.00. Following the acquisition, the director now owns 68,205 shares of the company's stock, valued at approximately $592,019.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 13,600 shares of company stock valued at $117,948 over the last 90 days.

Institutional Trading of Xperi

Hedge funds have recently added to or reduced their stakes in the business. Clearline Capital LP boosted its holdings in Xperi by 37.9% during the second quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company's stock worth $19,374,000 after purchasing an additional 648,207 shares during the last quarter. Millennium Management LLC raised its position in shares of Xperi by 703.2% in the 2nd quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company's stock valued at $4,864,000 after buying an additional 518,661 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Xperi by 337.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 590,768 shares of the semiconductor company's stock valued at $5,459,000 after purchasing an additional 455,569 shares in the last quarter. Acadian Asset Management LLC grew its position in Xperi by 339.2% in the first quarter. Acadian Asset Management LLC now owns 451,183 shares of the semiconductor company's stock valued at $5,440,000 after acquiring an additional 348,464 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Xperi by 55.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company's stock valued at $9,123,000 after purchasing an additional 269,604 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

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.

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