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

StockNews.com upgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a buy rating in a report issued on Thursday.

A number of other analysts have also issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Xperi in a report on Thursday, February 27th. BWS Financial reiterated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, February 27th.

Xperi Price Performance

Xperi stock opened at $7.84 on Thursday. The stock has a market cap of $356.63 million, a price-to-earnings ratio of -4.12 and a beta of 1.32. The firm has a 50-day moving average of $8.59 and a two-hundred day moving average of $9.08. Xperi has a 1 year low of $6.89 and a 1 year high of $12.12.

Hedge Funds Weigh In On Xperi

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its position in Xperi by 2.9% during the 4th quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company’s stock valued at $19,348,000 after acquiring an additional 53,392 shares in the last quarter. Virtus Fund Advisers LLC bought a new stake in Xperi during the fourth quarter valued at about $43,000. Virtus Investment Advisers Inc. bought a new stake in Xperi during the fourth quarter valued at about $212,000. Squarepoint Ops LLC grew its stake in Xperi by 469.6% in the fourth quarter. Squarepoint Ops LLC now owns 90,893 shares of the semiconductor company’s stock valued at $933,000 after purchasing an additional 74,936 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Xperi by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company’s stock worth $149,000 after purchasing an additional 2,300 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

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.