Xperi Corp (NASDAQ:XPER) Receives Average Recommendation of “Hold” from Brokerages

Xperi Corp (NASDAQ:XPER) has received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $32.00.

A number of equities analysts have recently commented on the company. B. Riley set a $30.00 price target on Xperi and gave the stock a “buy” rating in a report on Tuesday, July 2nd. ValuEngine lowered Xperi from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered Xperi from a “strong-buy” rating to a “hold” rating in a report on Saturday. Finally, BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th.

In other news, insider Paul E. Davis sold 6,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the transaction, the insider now directly owns 103,904 shares of the company’s stock, valued at $2,285,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Private Ocean LLC purchased a new stake in shares of Xperi in the second quarter worth $28,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Xperi in the second quarter worth $80,000. NumerixS Investment Technologies Inc raised its position in shares of Xperi by 46.4% in the second quarter. NumerixS Investment Technologies Inc now owns 4,100 shares of the semiconductor company’s stock worth $84,000 after buying an additional 1,300 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Xperi in the second quarter worth $129,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Xperi in the second quarter worth $135,000. Institutional investors own 96.77% of the company’s stock.

NASDAQ XPER traded up $0.69 on Tuesday, hitting $20.68. 217,841 shares of the stock traded hands, compared to its average volume of 424,361. The business’s fifty day moving average is $19.89 and its two-hundred day moving average is $21.41. Xperi has a 12 month low of $12.08 and a 12 month high of $25.84. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.34 and a beta of 0.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 7.58 and a current ratio of 7.58.

Xperi (NASDAQ:XPER) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.10. Xperi had a return on equity of 22.90% and a net margin of 7.37%. The firm had revenue of $92.30 million during the quarter, compared to analyst estimates of $90.20 million. Analysts expect that Xperi will post 2.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, August 26th. Xperi’s payout ratio is currently 32.26%.

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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