Xperi (XPER) Price Target Cut to $20.00 by Analysts at Craig Hallum

Xperi (NASDAQ:XPER) had its price target reduced by investment analysts at Craig Hallum from $25.00 to $20.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective suggests a potential upside of 41.24% from the stock’s current price.

Several other analysts have also commented on XPER. BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. B. Riley assumed coverage on shares of Xperi in a report on Thursday, July 19th. They issued a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Xperi in a report on Thursday, August 9th. ValuEngine upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, National Securities assumed coverage on shares of Xperi in a report on Thursday, September 6th. They issued a “buy” rating and a $31.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.80.

XPER traded down $0.34 on Thursday, hitting $14.16. The company had a trading volume of 348,610 shares, compared to its average volume of 400,588. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.92 and a quick ratio of 7.92. Xperi has a 52-week low of $12.08 and a 52-week high of $28.33. The firm has a market capitalization of $664.28 million, a PE ratio of 10.34 and a beta of 0.67.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.15). Xperi had a positive return on equity of 5.89% and a negative net margin of 23.56%. The company had revenue of $100.59 million during the quarter, compared to analysts’ expectations of $98.50 million. Analysts expect that Xperi will post 2.05 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Xperi by 10.2% during the second quarter. BlackRock Inc. now owns 6,875,745 shares of the semiconductor company’s stock valued at $110,700,000 after purchasing an additional 638,877 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Xperi by 12.7% during the third quarter. Deprince Race & Zollo Inc. now owns 4,619,725 shares of the semiconductor company’s stock valued at $68,603,000 after purchasing an additional 520,428 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Xperi by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,032,527 shares of the semiconductor company’s stock valued at $32,723,000 after purchasing an additional 145,096 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xperi by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 752,622 shares in the last quarter. Finally, Chartwell Investment Partners LLC increased its stake in shares of Xperi by 17.3% during the third quarter. Chartwell Investment Partners LLC now owns 1,436,987 shares of the semiconductor company’s stock valued at $21,339,000 after purchasing an additional 211,471 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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