Xperi (NASDAQ:XPER) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Xperi (NASDAQ:XPER – Get Rating) in a note issued to investors on Wednesday. The brokerage set a “strong-buy” rating on the semiconductor company’s stock.

Several other research firms have also recently commented on XPER. Maxim Group reduced their target price on shares of Xperi from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, February 22nd. Stephens reissued an “equal weight” rating and set a $13.00 price objective on shares of Xperi in a report on Wednesday, February 22nd.

Xperi Price Performance

Shares of Xperi stock opened at $10.45 on Wednesday. Xperi has a 1 year low of $8.15 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.37. The company’s fifty day moving average is $10.10 and its two-hundred day moving average is $10.16.

Xperi (NASDAQ:XPER – Get Rating) last released its earnings results on Tuesday, February 21st. The semiconductor company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.82) by $0.53. The firm had revenue of $135.53 million during the quarter, compared to analyst estimates of $129.94 million. As a group, sell-side analysts forecast that Xperi will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Xperi

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund raised its position in shares of Xperi by 1.2% in the third quarter. New York State Common Retirement Fund now owns 106,613 shares of the semiconductor company’s stock valued at $1,508,000 after buying an additional 1,247 shares during the last quarter. Credit Suisse AG increased its position in Xperi by 1.5% during the third quarter. Credit Suisse AG now owns 89,265 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 1,311 shares during the last quarter. Captrust Financial Advisors increased its position in Xperi by 42.3% during the second quarter. Captrust Financial Advisors now owns 4,454 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 1,323 shares during the last quarter. FMR LLC increased its position in Xperi by 150.0% during the first quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Xperi by 24.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 7,534 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 43.84% of the company’s stock.

About Xperi

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Xperi Inc provides software and services in the United States. 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 solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and service, including schedules, listings, app content linking services, and advanced metadata, such as moods, tones, themes and topics; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.