Xperi’s (XPER) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Xperi (NASDAQ:XPER) in a research report released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $10.00 target price on the semiconductor company’s stock.

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Xperi in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Xperi presently has an average rating of “Buy” and a consensus target price of $11.00.

Xperi Price Performance

Shares of NASDAQ:XPER opened at $6.15 on Thursday. The business’s 50-day moving average is $5.79 and its 200 day moving average is $6.09. Xperi has a 1 year low of $5.07 and a 1 year high of $8.52. The firm has a market capitalization of $284.73 million, a P/E ratio of -3.23 and a beta of 1.31.

Institutional Trading of Xperi

Large investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in Xperi by 485.6% in the third quarter. CWM LLC now owns 7,255 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 6,016 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Xperi during the third quarter worth about $57,000. Tactive Advisors LLC purchased a new position in Xperi during the fourth quarter valued at approximately $60,000. Endeavor Private Wealth Inc. acquired a new position in Xperi in the fourth quarter valued at approximately $69,000. Finally, Alpine Global Management LLC purchased a new stake in Xperi in the 4th quarter worth approximately $89,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Xperi

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.