Xperi (XPER) Sets New 52-Week Low at $12.08

Xperi Corp (NASDAQ:XPER) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.08 and last traded at $12.72, with a volume of 3316 shares. The stock had previously closed at $12.57.

Several equities research analysts recently issued reports on the company. BidaskClub raised Xperi from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Craig Hallum set a $25.00 price objective on Xperi and gave the stock a “buy” rating in a research note on Thursday, August 9th. B. Riley assumed coverage on Xperi in a research note on Thursday, July 19th. They issued a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 price objective on shares of Xperi in a research note on Thursday, August 9th. Finally, ValuEngine raised Xperi from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.80.

The company has a market capitalization of $617.15 million, a PE ratio of 9.14 and a beta of 0.51. The company has a quick ratio of 7.92, a current ratio of 7.92 and a debt-to-equity ratio of 0.84.



Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, August 8th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.18). Xperi had a negative return on equity of 2.09% and a negative net margin of 19.66%. The firm had revenue of $100.69 million during the quarter, compared to analyst estimates of $101.00 million. As a group, sell-side analysts anticipate that Xperi Corp will post 2.05 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in Xperi by 19.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,356,030 shares of the semiconductor company’s stock worth $20,121,000 after purchasing an additional 221,658 shares during the last quarter. Alps Advisors Inc. acquired a new position in Xperi in the 3rd quarter worth about $1,006,000. First Trust Advisors LP increased its position in Xperi by 155.5% in the 3rd quarter. First Trust Advisors LP now owns 80,147 shares of the semiconductor company’s stock worth $1,190,000 after purchasing an additional 48,775 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in Xperi in the 3rd quarter worth about $178,000. Finally, Deprince Race & Zollo Inc. increased its position in Xperi by 12.7% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 4,619,725 shares of the semiconductor company’s stock worth $68,603,000 after purchasing an additional 520,428 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors.

About Xperi (NASDAQ:XPER)

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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