Xperi Corp (XPER) Given Consensus Rating of “Buy” by Brokerages

Xperi Corp (NASDAQ:XPER) has earned an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.00.

Several research firms recently weighed in on XPER. Zacks Investment Research cut Xperi from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. Craig Hallum lifted their price target on Xperi from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a report on Thursday, February 7th. Finally, ValuEngine raised Xperi from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th.

NASDAQ:XPER traded up $0.19 during mid-day trading on Tuesday, hitting $24.92. 124,795 shares of the stock were exchanged, compared to its average volume of 490,952. The stock has a market cap of $1.22 billion, a P/E ratio of 10.05 and a beta of 0.24. The company has a current ratio of 7.34, a quick ratio of 7.34 and a debt-to-equity ratio of 0.78. Xperi has a fifty-two week low of $12.08 and a fifty-two week high of $25.84.



Xperi (NASDAQ:XPER) last released its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.06). The firm had revenue of $141.80 million for the quarter, compared to analyst estimates of $143.00 million. Xperi had a positive return on equity of 9.19% and a negative net margin of 0.07%. As a group, sell-side analysts forecast that Xperi will post 1.78 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.80 annualized dividend and a yield of 3.21%. Xperi’s payout ratio is currently 32.26%.

A number of large investors have recently added to or reduced their stakes in XPER. Norges Bank acquired a new position in Xperi in the 4th quarter valued at $21,163,000. JPMorgan Chase & Co. raised its holdings in Xperi by 62.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 752,622 shares in the last quarter. BlackRock Inc. raised its holdings in Xperi by 9.0% in the 4th quarter. BlackRock Inc. now owns 7,111,787 shares of the semiconductor company’s stock valued at $130,785,000 after acquiring an additional 590,058 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Xperi by 11.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,269,090 shares of the semiconductor company’s stock valued at $33,694,000 after acquiring an additional 236,563 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Xperi by 121.4% in the 4th quarter. Millennium Management LLC now owns 376,332 shares of the semiconductor company’s stock valued at $6,921,000 after acquiring an additional 206,347 shares in the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

Xperi Company Profile

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

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