Xperi’s (XPER) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Xperi (NASDAQ:XPER) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $15.00 price target on the semiconductor company’s stock.

Separately, BWS Financial reaffirmed a “top pick” rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, November 7th.

Xperi Price Performance

Shares of NASDAQ:XPER opened at $8.31 on Thursday. The business’s 50-day moving average is $9.39 and its 200 day moving average is $9.12. Xperi has a 1 year low of $6.89 and a 1 year high of $12.29. The firm has a market capitalization of $372.31 million, a P/E ratio of -4.37 and a beta of 1.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new position in shares of Xperi in the fourth quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new position in shares of Xperi in the fourth quarter valued at about $56,000. Harbor Capital Advisors Inc. increased its holdings in shares of Xperi by 13.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 1,197 shares during the period. LPL Financial LLC acquired a new position in shares of Xperi in the fourth quarter valued at about $115,000. Finally, Intech Investment Management LLC acquired a new position in shares of Xperi in the third quarter valued at about $121,000. 94.28% of the stock is owned by institutional investors and hedge funds.

About Xperi

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.