Wall Street Zen upgraded shares of Xperi (NASDAQ:XPER - Free Report) from a hold rating to a buy rating in a report published on Saturday morning.
Several other equities research analysts also recently commented on the company. BWS Financial reiterated a "top pick" rating and set a $30.00 target price on shares of Xperi in a report on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a report on Thursday, February 27th.
Get Our Latest Stock Report on Xperi
Xperi Stock Performance
Xperi stock traded down $0.08 during midday trading on Friday, reaching $7.77. 158,599 shares of the company were exchanged, compared to its average volume of 484,125. The company has a market capitalization of $353.45 million, a price-to-earnings ratio of -4.09 and a beta of 1.29. The firm's 50-day simple moving average is $7.41 and its 200-day simple moving average is $8.58. Xperi has a 1 year low of $6.29 and a 1 year high of $11.08.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new position in Xperi during the 4th quarter worth $43,000. BNP Paribas Financial Markets acquired a new position in Xperi during the 4th quarter worth $56,000. New York State Common Retirement Fund boosted its position in Xperi by 140.5% during the 1st quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company's stock worth $69,000 after acquiring an additional 5,200 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Xperi during the 1st quarter worth $105,000. Finally, LPL Financial LLC acquired a new position in Xperi during the 4th quarter worth $115,000. Institutional investors and hedge funds own 94.28% of the company's stock.
About Xperi
(
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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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