Xperi (NASDAQ:XPER) Stock Rating Upgraded by StockNews.com

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

XPER has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th. BWS Financial reissued a “top pick” rating and issued a $30.00 price target on shares of Xperi in a report on Thursday, February 27th.

Xperi Stock Up 1.4 %

NASDAQ:XPER opened at $8.20 on Thursday. The stock has a market capitalization of $373.02 million, a price-to-earnings ratio of -4.31 and a beta of 1.32. Xperi has a 52 week low of $6.89 and a 52 week high of $12.13. The firm has a 50 day moving average of $8.61 and a 200 day moving average of $9.08.

Institutional Investors Weigh In On Xperi

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Xperi by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company’s stock worth $19,348,000 after buying an additional 53,392 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of Xperi during the 4th quarter worth approximately $43,000. Virtus Investment Advisers Inc. purchased a new position in shares of Xperi during the 4th quarter worth approximately $212,000. Squarepoint Ops LLC increased its holdings in Xperi by 469.6% in the 4th quarter. Squarepoint Ops LLC now owns 90,893 shares of the semiconductor company’s stock valued at $933,000 after purchasing an additional 74,936 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Xperi by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company’s stock valued at $149,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.