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

Xperi (NASDAQ:XPER) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research analysts have also recently issued reports on XPER. Craig Hallum lowered their price objective on 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 reaffirmed a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, August 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Xperi Trading Up 3.0 %

XPER opened at $8.83 on Thursday. Xperi has a 12 month low of $6.89 and a 12 month high of $12.29. The stock has a market capitalization of $404.50 million, a price-to-earnings ratio of -3.25 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.01. The business has a fifty day moving average price of $8.08 and a 200 day moving average price of $9.19.

Xperi (NASDAQ:XPER) last released its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.13. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. The firm had revenue of $119.59 million during the quarter, compared to analysts’ expectations of $118.95 million. Sell-side analysts expect that Xperi will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jon Kirchner bought 5,000 shares of Xperi stock in a transaction dated 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 owns 523,692 shares of the company’s stock, valued at $4,529,935.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director David C. Habiger acquired 5,750 shares of Xperi stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of $8.68 per share, with a total value of $49,910.00. Following the purchase, the director now directly owns 68,205 shares in the company, valued at $592,019.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon Kirchner acquired 5,000 shares of Xperi stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $8.65 per share, with a total value of $43,250.00. Following the completion of the purchase, the chief executive officer now 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 three months, insiders bought 13,600 shares of company stock valued at $117,948. Insiders own 1.70% of the company’s stock.

Institutional Trading of Xperi

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPER. Clearline Capital LP raised its stake in Xperi by 37.9% during the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock valued at $19,374,000 after acquiring an additional 648,207 shares during the last quarter. Millennium Management LLC raised its stake in Xperi by 703.2% during the 2nd quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock valued at $4,864,000 after acquiring an additional 518,661 shares during the last quarter. Acadian Asset Management LLC raised its stake in Xperi by 339.2% during the 1st quarter. Acadian Asset Management LLC now owns 451,183 shares of the semiconductor company’s stock valued at $5,440,000 after acquiring an additional 348,464 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Xperi by 55.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company’s stock valued at $9,123,000 after acquiring an additional 269,604 shares during the last quarter. Finally, Huber Capital Management LLC raised its stake in Xperi by 67.1% during the 1st quarter. Huber Capital Management LLC now owns 417,669 shares of the semiconductor company’s stock valued at $5,037,000 after acquiring an additional 167,713 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.