Xperi (NASDAQ:XPER) Rating Lowered to Hold at StockNews.com

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

Several other equities analysts have also recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Xperi in a report on Thursday, February 27th. BWS Financial reaffirmed a “top pick” rating and issued a $30.00 price target on shares of Xperi in a report on Thursday, February 27th.

Xperi Stock Performance

NASDAQ XPER opened at $7.96 on Wednesday. Xperi has a twelve month low of $6.89 and a twelve month high of $12.13. The stock has a market capitalization of $353.51 million, a PE ratio of -4.19 and a beta of 1.32. The stock has a 50-day simple moving average of $8.69 and a 200 day simple moving average of $9.09.

Hedge Funds Weigh In On Xperi

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Xperi by 108.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,560 shares of the semiconductor company’s stock worth $3,304,000 after buying an additional 186,066 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Xperi by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock worth $9,643,000 after buying an additional 17,498 shares in the last quarter. Barclays PLC raised its holdings in shares of Xperi by 197.0% in the 3rd quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock worth $646,000 after buying an additional 46,426 shares in the last quarter. FMR LLC raised its holdings in shares of Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company’s stock worth $3,360,000 after buying an additional 233,987 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Xperi by 13.4% in 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. 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.