Xperi Corp (NASDAQ:XPER) – Equities researchers at B. Riley lowered their FY2018 earnings per share (EPS) estimates for shares of Xperi in a research report issued on Thursday, February 14th. B. Riley analyst E. Wold now expects that the semiconductor company will post earnings of $2.56 per share for the year, down from their prior forecast of $2.66. B. Riley has a “Buy” rating and a $23.00 price target on the stock.
A number of other brokerages have also recently commented on XPER. Craig Hallum dropped their target price on Xperi from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, November 8th. Zacks Investment Research upgraded Xperi from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Saturday, November 17th. ValuEngine upgraded Xperi from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Finally, BidaskClub upgraded Xperi from a “sell” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.60.
NASDAQ XPER opened at $22.79 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 16.64 and a beta of 0.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 7.36 and a quick ratio of 7.36. Xperi has a 1-year low of $12.08 and a 1-year high of $24.25.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Xperi by 9.0% in the 4th quarter. BlackRock Inc. now owns 7,111,787 shares of the semiconductor company’s stock worth $130,785,000 after purchasing an additional 590,058 shares during the period. Vanguard Group Inc. lifted its stake in shares of Xperi by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,171,138 shares of the semiconductor company’s stock worth $76,791,000 after acquiring an additional 128,837 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Xperi by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 5,171,138 shares of the semiconductor company’s stock worth $76,791,000 after acquiring an additional 128,837 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Xperi by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,345,746 shares of the semiconductor company’s stock worth $43,140,000 after acquiring an additional 76,656 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Xperi by 62.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock worth $29,203,000 after acquiring an additional 752,622 shares during the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.
About Xperi
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.