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

StockNews.com upgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a buy rating in a research note released on Sunday.

XPER has been the topic of a number of other research reports. Rosenblatt Securities restated a buy rating and issued a $15.00 target price on shares of Xperi in a research report on Friday, March 1st. TheStreet upgraded shares of Xperi from a d+ rating to a c- rating in a report on Tuesday, December 26th.

Xperi Stock Performance

NASDAQ XPER opened at $9.58 on Friday. Xperi has a 1 year low of $7.91 and a 1 year high of $13.62. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $431.39 million, a price-to-earnings ratio of -3.00 and a beta of 1.76. The firm’s 50 day simple moving average is $10.98 and its 200 day simple moving average is $10.38.

Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.16. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. The firm had revenue of $137.23 million for the quarter, compared to analyst estimates of $138.90 million. As a group, research analysts expect that Xperi will post -1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xperi

A number of hedge funds have recently modified their holdings of XPER. Raymond James & Associates acquired a new position in shares of Xperi during the first quarter worth $416,000. Bank of New York Mellon Corp raised its stake in Xperi by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 1,370,119 shares of the semiconductor company’s stock worth $23,730,000 after buying an additional 15,855 shares during the last quarter. Citigroup Inc. raised its stake in Xperi by 2.6% during the first quarter. Citigroup Inc. now owns 108,251 shares of the semiconductor company’s stock worth $1,875,000 after buying an additional 2,695 shares during the last quarter. MetLife Investment Management LLC raised its stake in Xperi by 56.8% during the first quarter. MetLife Investment Management LLC now owns 55,141 shares of the semiconductor company’s stock worth $955,000 after buying an additional 19,978 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Xperi by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 90,115 shares of the semiconductor company’s stock worth $1,561,000 after buying an additional 11,111 shares during 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.