Xperi (NASDAQ:XPER - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $15.00 target price on the semiconductor company's stock. Rosenblatt Securities' target price points to a potential upside of 140.96% from the company's current price.
A number of other equities analysts also recently issued reports on the stock. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. BWS Financial reissued a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a report on Thursday, May 8th.
Check Out Our Latest Analysis on Xperi
Xperi Price Performance
Shares of XPER traded down $0.21 on Tuesday, reaching $6.23. The company's stock had a trading volume of 967,296 shares, compared to its average volume of 327,449. The stock has a market capitalization of $283.35 million, a P/E ratio of -3.28 and a beta of 1.28. The stock's 50 day simple moving average is $7.77 and its two-hundred day simple moving average is $7.96. Xperi has a 12-month low of $6.15 and a 12-month high of $11.07.
Hedge Funds Weigh In On Xperi
Several large investors have recently added to or reduced their stakes in XPER. CenterBook Partners LP purchased a new position in Xperi during the fourth quarter valued at approximately $6,861,000. JPMorgan Chase & Co. raised its position in shares of Xperi by 78.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock valued at $15,601,000 after buying an additional 666,226 shares during the last quarter. Clearline Capital LP raised its position in shares of Xperi by 35.9% during the first quarter. Clearline Capital LP now owns 1,502,818 shares of the semiconductor company's stock valued at $11,602,000 after buying an additional 397,211 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Xperi during the first quarter valued at approximately $3,036,000. Finally, Immersion Corp bought a new stake in shares of Xperi during the first quarter valued at approximately $2,682,000. Hedge funds and other institutional investors own 94.28% of the company's stock.
Xperi Company Profile
(
Get Free Report)
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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