Xperi (NASDAQ:XPER) PT Lowered to $12.00

Xperi (NASDAQ:XPER) had its price objective decreased by research analysts at Craig Hallum from $15.00 to $12.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective suggests a potential upside of 68.07% from the stock’s previous close.

XPER has been the topic of several other reports. StockNews.com cut shares of Xperi from a “buy” rating to a “hold” rating in a report on Friday, May 10th. BWS Financial restated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research note on Thursday, May 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Tuesday. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $19.00.

Xperi Price Performance

XPER opened at $7.14 on Tuesday. The company has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $9.70. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $322.36 million, a price-to-earnings ratio of -2.63 and a beta of 1.56. Xperi has a twelve month low of $6.89 and a twelve month high of $13.16.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Xperi had a negative return on equity of 8.35% and a negative net margin of 22.93%. The firm had revenue of $118.84 million during the quarter, compared to the consensus estimate of $125.23 million. Equities research analysts expect that Xperi will post -0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Xperi

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Xperi by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,492,250 shares of the semiconductor company’s stock valued at $54,154,000 after acquiring an additional 87,173 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Xperi by 55.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company’s stock worth $9,123,000 after buying an additional 269,604 shares in the last quarter. Wellington Management Group LLP grew its position in Xperi by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 640,768 shares of the semiconductor company’s stock worth $7,061,000 after buying an additional 88,974 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Xperi by 339.2% in the first quarter. Acadian Asset Management LLC now owns 451,183 shares of the semiconductor company’s stock valued at $5,440,000 after buying an additional 348,464 shares in the last quarter. Finally, Huber Capital Management LLC boosted its stake in shares of Xperi by 67.1% during the 1st quarter. Huber Capital Management LLC now owns 417,669 shares of the semiconductor company’s stock worth $5,037,000 after acquiring an additional 167,713 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.