Analysts at StockNews.com assumed coverage on shares of Xperi (NASDAQ:XPER – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “strong-buy” rating on the semiconductor company’s stock.
Several other equities analysts also recently weighed in on XPER. Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Xperi in a research note on Wednesday, February 22nd. Maxim Group lowered their target price on Xperi from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Xperi has an average rating of “Buy” and an average target price of $20.67.
Xperi Stock Performance
Shares of XPER stock opened at $10.71 on Thursday. Xperi has a fifty-two week low of $8.15 and a fifty-two week high of $26.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s fifty day moving average is $10.77 and its two-hundred day moving average is $11.13.
Institutional Investors Weigh In On Xperi
A number of hedge funds have recently modified their holdings of XPER. Dimensional Fund Advisors LP acquired a new position in Xperi in the 4th quarter valued at about $12,757,000. The Manufacturers Life Insurance Company acquired a new position in Xperi in the fourth quarter valued at approximately $12,429,000. Millennium Management LLC grew its position in Xperi by 577.9% in the second quarter. Millennium Management LLC now owns 1,100,739 shares of the semiconductor company’s stock worth $15,884,000 after acquiring an additional 938,373 shares during the period. Goldman Sachs Group Inc. increased its stake in Xperi by 367.6% during the first quarter. Goldman Sachs Group Inc. now owns 935,127 shares of the semiconductor company’s stock worth $16,196,000 after acquiring an additional 735,159 shares during the last quarter. Finally, Rubric Capital Management LP raised its position in Xperi by 13.3% in the third quarter. Rubric Capital Management LP now owns 3,853,289 shares of the semiconductor company’s stock valued at $54,486,000 after purchasing an additional 453,289 shares during the period. Hedge funds and other institutional investors own 43.84% of the company’s stock.
About Xperi
Xperi Inc provides software and services in the United States. 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 solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and service, including schedules, listings, app content linking services, and advanced metadata, such as moods, tones, themes and topics; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.