BidaskClub lowered shares of Xperi (NASDAQ:XPER) from a sell rating to a strong sell rating in a research report sent to investors on Friday, September 14th.
XPER has been the topic of several other research reports. ValuEngine upgraded shares of Xperi from a strong sell rating to a sell rating in a research report on Wednesday, August 8th. National Securities initiated coverage on shares of Xperi in a research report on Thursday, September 6th. They set a buy rating and a $31.00 price target on the stock. B. Riley initiated coverage on shares of Xperi in a research report on Thursday, July 19th. They set a buy rating and a $26.00 price target on the stock. Craig Hallum set a $25.00 price target on shares of Xperi and gave the stock a buy rating in a research report on Thursday, August 9th. Finally, Royal Bank of Canada reiterated a buy rating and set a $22.00 price target on shares of Xperi in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $28.80.
Shares of XPER traded down $0.56 during mid-day trading on Friday, hitting $14.31. 308,446 shares of the company’s stock were exchanged, compared to its average volume of 412,242. Xperi has a 52 week low of $14.11 and a 52 week high of $28.33. The stock has a market capitalization of $729.09 million, a PE ratio of 10.45 and a beta of 0.51. The company has a current ratio of 7.92, a quick ratio of 7.92 and a debt-to-equity ratio of 0.84.
Xperi (NASDAQ:XPER) last announced its earnings results on Wednesday, August 8th. The semiconductor company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.18). The business had revenue of $100.69 million for the quarter, compared to the consensus estimate of $101.00 million. Xperi had a negative return on equity of 2.09% and a negative net margin of 19.66%. Equities research analysts predict that Xperi will post 2.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, August 16th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.59%. Xperi’s dividend payout ratio is 58.39%.
Several hedge funds and other institutional investors have recently bought and sold shares of XPER. Rhumbline Advisers boosted its position in Xperi by 3.8% in the second quarter. Rhumbline Advisers now owns 118,519 shares of the semiconductor company’s stock valued at $1,908,000 after buying an additional 4,384 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Xperi in the second quarter valued at approximately $167,000. Swiss National Bank boosted its position in Xperi by 4.2% in the first quarter. Swiss National Bank now owns 86,200 shares of the semiconductor company’s stock valued at $1,823,000 after buying an additional 3,500 shares in the last quarter. Evermore Global Advisors LLC boosted its position in Xperi by 35.5% in the first quarter. Evermore Global Advisors LLC now owns 1,145,376 shares of the semiconductor company’s stock valued at $24,225,000 after buying an additional 300,091 shares in the last quarter. Finally, Spark Investment Management LLC acquired a new stake in Xperi in the first quarter valued at approximately $1,101,000. Institutional investors and hedge funds own 98.21% of the company’s stock.
Xperi Company Profile
Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.
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