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

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

A number of other research analysts also recently commented on XPER. Craig Hallum decreased their price objective on shares of Xperi from $15.00 to $12.00 and set a buy rating for the company in a research report on Tuesday, August 6th. BWS Financial reissued a top pick rating and issued a $30.00 price objective on shares of Xperi in a research report on Thursday, August 22nd. Finally, Rosenblatt Securities reissued a buy rating and issued a $15.00 price objective on shares of Xperi in a research report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $19.00.

Xperi Stock Up 3.0 %

Shares of XPER stock opened at $8.83 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.14. Xperi has a 1 year low of $6.89 and a 1 year high of $12.29. The firm’s fifty day moving average price is $8.08 and its two-hundred day moving average price is $9.16. The firm has a market capitalization of $398.66 million, a P/E ratio of -3.25 and a beta of 1.57.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.13. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. The firm had revenue of $119.59 million for the quarter, compared to analyst estimates of $118.95 million. On average, equities analysts predict that Xperi will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David C. Habiger bought 5,750 shares of Xperi stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of $8.68 per share, with a total value of $49,910.00. Following the acquisition, the director now owns 68,205 shares of the company’s stock, valued at approximately $592,019.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David C. Habiger bought 5,750 shares of Xperi stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of $8.68 per share, with a total value of $49,910.00. Following the acquisition, the director now owns 68,205 shares of the company’s stock, valued at approximately $592,019.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon Kirchner acquired 5,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $8.65 per share, with a total value of $43,250.00. Following the acquisition, the chief executive officer now directly owns 523,692 shares in the company, valued at $4,529,935.80. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 13,600 shares of company stock valued at $117,948. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Xperi

A number of institutional investors have recently bought and sold shares of XPER. ProShare Advisors LLC bought a new stake in Xperi in the 2nd quarter valued at about $48,000. Harbor Capital Advisors Inc. boosted its holdings in Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 3,416 shares during the period. Quest Partners LLC bought a new stake in Xperi in the 2nd quarter valued at about $141,000. DRW Securities LLC bought a new stake in Xperi in the 2nd quarter valued at about $149,000. Finally, MQS Management LLC bought a new stake in Xperi in the 1st quarter valued at about $185,000. 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.