Xperi’s (XPER) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Xperi (NASDAQ:XPER) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $10.00 target price on the semiconductor company’s stock.

Separately, BWS Financial downgraded shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the stock from $30.00 to $12.00 in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $11.00.

Xperi Stock Performance

XPER stock opened at $6.59 on Thursday. The stock has a fifty day moving average of $6.44 and a 200-day moving average of $7.02. Xperi has a fifty-two week low of $5.68 and a fifty-two week high of $11.07. The company has a market capitalization of $304.62 million, a price-to-earnings ratio of -3.47 and a beta of 1.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPER. Vanguard Group Inc. increased its stake in Xperi by 8.6% in the third quarter. Vanguard Group Inc. now owns 4,136,934 shares of the semiconductor company’s stock valued at $26,807,000 after acquiring an additional 327,368 shares during the last quarter. Waterfront Wealth Inc. increased its position in shares of Xperi by 34.5% during the 3rd quarter. Waterfront Wealth Inc. now owns 456,431 shares of the semiconductor company’s stock valued at $2,962,000 after purchasing an additional 117,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of Xperi during the 3rd quarter valued at about $103,000. State of Wyoming bought a new stake in Xperi in the 3rd quarter worth approximately $199,000. Finally, AlphaQuest LLC lifted its position in Xperi by 51.6% in the 3rd quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock worth $92,000 after buying an additional 4,829 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Xperi

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.