StockNews.com Upgrades Xperi (NASDAQ:XPER) to “Buy”

Xperi (NASDAQ:XPER) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other research analysts also recently issued reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price 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

NASDAQ:XPER opened at $8.07 on Thursday. Xperi has a one year low of $6.89 and a one year high of $12.13. The company has a market cap of $367.15 million, a PE ratio of -4.25 and a beta of 1.32. The firm’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $9.09.

Institutional Trading of Xperi

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Xperi by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 1,140 shares in the last quarter. Invesco Ltd. lifted its stake in Xperi by 1.4% in the fourth quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company’s stock valued at $898,000 after buying an additional 1,183 shares during the period. 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 buying an additional 1,197 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of Xperi by 10.1% during the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company’s stock worth $236,000 after buying an additional 2,104 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Xperi by 3.1% in the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock valued at $759,000 after acquiring an additional 2,253 shares in the last quarter. 94.28% of the stock is currently 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.