Xperi (NASDAQ:XPER) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Xperi (NASDAQ:XPER) from a buy rating to a hold rating in a research report report published on Wednesday morning.

XPER has been the topic of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Xperi in a report on Thursday, February 27th. BWS Financial reissued a “top pick” rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, February 27th.

Xperi Trading Up 2.9 %

Shares of XPER stock opened at $8.06 on Wednesday. Xperi has a 12-month low of $6.89 and a 12-month high of $12.13. The business’s 50 day moving average is $8.75 and its two-hundred day moving average is $9.10. The company has a market capitalization of $357.55 million, a P/E ratio of -4.24 and a beta of 1.32.

Institutional Investors Weigh In On Xperi

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Xperi by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company’s stock worth $264,000 after buying an additional 1,140 shares in the last quarter. Invesco Ltd. lifted its stake in Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company’s stock worth $898,000 after purchasing an additional 1,183 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 1,197 shares during the last quarter. Nebula Research & Development LLC grew its position in shares of Xperi by 10.1% in the fourth quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Xperi by 3.1% in the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock valued at $759,000 after purchasing an additional 2,253 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.