Xperi (NASDAQ:XPER) Lowered to "Moderate Buy" Rating by BWS Financial

Key Points

• BWS Financial has lowered its price target for Xperi (NASDAQ:XPER) from $30.00 to $12.00, suggesting a potential upside of 85.90% from its current price.
• Xperi's stock dropped 14.4%, reaching $6.46, with a market cap of $293.82 million and a P/E ratio of -3.40.
• Institutional investors own about 94.28% of Xperi's stock, with various funds recently increasing their stakes in the company.

Xperi (NASDAQ:XPER - Get Free Report) was downgraded by stock analysts at BWS Financial from a "strong-buy" rating to a "moderate buy" rating in a research report issued on Tuesday, July 29th, MarketBeat Ratings reports. They currently have a $12.00 price target on the semiconductor company's stock, down from their prior price target of $30.00. BWS Financial's target price points to a potential upside of 108.88% from the stock's current price.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research report on Tuesday, July 29th.

Xperi Stock Down 0.9%

Shares of NASDAQ:XPER opened at $5.75 on Tuesday. Xperi has a 52 week low of $5.72 and a 52 week high of $11.07. The stock has a market capitalization of $261.50 million, a P/E ratio of -3.02 and a beta of 1.26. The firm has a fifty day simple moving average of $7.69 and a two-hundred day simple moving average of $7.90.

Hedge Funds Weigh In On Xperi

A number of large investors have recently added to or reduced their stakes in XPER. CenterBook Partners LP purchased a new stake in shares of Xperi in the fourth quarter valued at about $6,861,000. JPMorgan Chase & Co. grew its holdings in shares of Xperi by 78.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock valued at $15,601,000 after purchasing an additional 666,226 shares during the period. Clearline Capital LP grew its holdings in shares of Xperi by 35.9% in the first quarter. Clearline Capital LP now owns 1,502,818 shares of the semiconductor company's stock valued at $11,602,000 after purchasing an additional 397,211 shares during the period. Royce & Associates LP purchased a new stake in shares of Xperi in the first quarter valued at about $3,036,000. Finally, Immersion Corp purchased a new stake in shares of Xperi in the first quarter valued at about $2,682,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. 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, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.