Rosenblatt Securities Reiterates “Buy” Rating for Xperi (NASDAQ:XPER)

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They currently have a $15.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 77.62% from the stock’s previous close.

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

Xperi Stock Up 1.9 %

Shares of Xperi stock opened at $8.45 on Thursday. The stock has a market capitalization of $378.59 million, a P/E ratio of -4.44 and a beta of 1.31. The company has a 50-day simple moving average of $9.35 and a 200 day simple moving average of $9.13. Xperi has a 12-month low of $6.89 and a 12-month high of $12.29.

Institutional Investors Weigh In On Xperi

A number of hedge funds have recently added to or reduced their stakes in XPER. CenterBook Partners LP bought a new stake in Xperi during the 4th quarter worth about $6,861,000. JPMorgan Chase & Co. grew its holdings in Xperi by 78.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company’s stock worth $15,601,000 after acquiring an additional 666,226 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Xperi during the 4th quarter worth about $3,502,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Xperi by 66.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company’s stock valued at $6,123,000 after purchasing an additional 238,687 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company’s stock valued at $3,360,000 after purchasing an additional 233,987 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

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.