Xperi (NASDAQ:XPER) Receives “Top Pick” Rating from BWS Financial

BWS Financial reiterated their top pick rating on shares of Xperi (NASDAQ:XPER) in a report released on Thursday morning,Benzinga reports. They currently have a $30.00 price objective on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Craig Hallum cut their target price on shares of Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Xperi in a research report on Tuesday, August 6th. Finally, StockNews.com downgraded shares of Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Xperi Stock Down 0.2 %

Shares of XPER stock opened at $8.67 on Thursday. Xperi has a twelve month low of $6.89 and a twelve month high of $12.29. The stock has a market cap of $397.15 million, a P/E ratio of -4.56 and a beta of 1.54. The stock has a 50 day moving average of $8.97 and a 200 day moving average of $8.69. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.14.

Insider Activity at Xperi

In related news, CEO Jon Kirchner acquired 5,000 shares of Xperi stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the transaction, the chief executive officer now owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Jon Kirchner bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $8.65 per share, with a total value of $43,250.00. Following the completion of the purchase, the chief executive officer now directly owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David C. Habiger purchased 5,750 shares of Xperi stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $8.68 per share, with a total value of $49,910.00. Following the transaction, the director now owns 68,205 shares in the company, valued at approximately $592,019.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 13,600 shares of company stock valued at $117,948. 1.70% of the stock is owned by company insiders.

Institutional Trading of Xperi

A number of institutional investors have recently made changes to their positions in XPER. Rubric Capital Management LP raised its stake in Xperi by 2.5% in the 2nd quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company’s stock valued at $34,020,000 after purchasing an additional 100,000 shares during the last quarter. Clearline Capital LP increased its stake in Xperi by 37.9% during the second quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock worth $19,374,000 after acquiring an additional 648,207 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Xperi by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,421,844 shares of the semiconductor company’s stock valued at $11,673,000 after buying an additional 56,166 shares during the period. Renaissance Technologies LLC raised its stake in shares of Xperi by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company’s stock valued at $6,400,000 after acquiring an additional 103,060 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Xperi by 55.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company’s stock worth $9,123,000 after purchasing an additional 269,604 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.