StockNews.com Lowers Xperi (NASDAQ:XPER) to Hold

Xperi (NASDAQ:XPER - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts also recently commented on XPER. BWS Financial reaffirmed a "top pick" rating and set a $30.00 target price on shares of Xperi in a report on Thursday. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of Xperi in a report on Friday, March 1st.

Xperi Stock Down 1.5 %

Shares of NASDAQ XPER traded down $0.15 during trading hours on Friday, hitting $9.99. 352,201 shares of the stock were exchanged, compared to its average volume of 399,726. The firm has a fifty day moving average price of $10.70 and a 200-day moving average price of $10.52. The company has a market cap of $449.85 million, a PE ratio of -3.13 and a beta of 1.80. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.13. Xperi has a 12 month low of $7.91 and a 12 month high of $13.62.

Xperi (NASDAQ:XPER - Get Free Report) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.16. Xperi had a negative return on equity of 7.37% and a negative net margin of 26.20%. The firm had revenue of $137.23 million for the quarter, compared to the consensus estimate of $138.90 million. On average, sell-side analysts expect that Xperi will post -1.19 EPS for the current year.

Hedge Funds Weigh In On Xperi

A number of hedge funds have recently made changes to their positions in XPER. EMC Capital Management purchased a new position in Xperi in the 3rd quarter valued at $32,000. Gladius Capital Management LP raised its holdings in Xperi by 16.1% in the 4th quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company's stock valued at $100,000 after acquiring an additional 1,267 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Xperi by 46.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company's stock worth $113,000 after purchasing an additional 3,262 shares in the last quarter. EWA LLC acquired a new position in shares of Xperi during the 4th quarter worth approximately $128,000. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Xperi by 40.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company's stock valued at $206,000 after purchasing an additional 4,910 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

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.

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