Xperi (NASDAQ:XPER) Rating Increased to Buy at StockNews.com

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

XPER has been the subject of several other research reports. BWS Financial reiterated a "top pick" rating and set a $30.00 price target on shares of Xperi in a report on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price target on shares of Xperi in a report on Thursday, February 27th.

Xperi Stock Down 3.4%

NASDAQ XPER opened at $8.01 on Friday. The company has a market cap of $364.64 million, a price-to-earnings ratio of -4.22 and a beta of 1.29. Xperi has a 52 week low of $6.29 and a 52 week high of $11.08. The business has a 50 day moving average price of $7.42 and a 200-day moving average price of $8.62.

Institutional Investors Weigh In On Xperi

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Xperi during the fourth quarter worth $658,000. Arrowstreet Capital Limited Partnership boosted its position in Xperi by 8.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company's stock worth $8,162,000 after purchasing an additional 61,610 shares during the last quarter. Rhumbline Advisers boosted its position in Xperi by 3.1% in the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after purchasing an additional 2,253 shares during the last quarter. Franklin Resources Inc. boosted its position in Xperi by 12.2% in the third quarter. Franklin Resources Inc. now owns 75,683 shares of the semiconductor company's stock worth $669,000 after purchasing an additional 8,254 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in Xperi by 21.0% in the fourth quarter. MetLife Investment Management LLC now owns 33,369 shares of the semiconductor company's stock worth $343,000 after purchasing an additional 5,797 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

About Xperi

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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