Xperi (NASDAQ:XPER) Given “Buy” Rating at BWS Financial

BWS Financial restated their buy rating on shares of Xperi (NASDAQ:XPER) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the semiconductor company’s stock.

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price objective on shares of Xperi in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $11.00.

Xperi Stock Performance

Shares of NASDAQ:XPER opened at $6.04 on Tuesday. The firm has a market capitalization of $279.63 million, a PE ratio of -3.18 and a beta of 1.31. Xperi has a 52-week low of $5.40 and a 52-week high of $9.59. The firm has a fifty day moving average of $6.03 and a 200 day moving average of $6.42.

Institutional Investors Weigh In On Xperi

A number of large investors have recently added to or reduced their stakes in XPER. Assenagon Asset Management S.A. raised its holdings in Xperi by 128.6% in the third quarter. Assenagon Asset Management S.A. now owns 823,768 shares of the semiconductor company’s stock worth $5,338,000 after purchasing an additional 463,426 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Xperi by 490.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 198,700 shares of the semiconductor company’s stock worth $1,572,000 after acquiring an additional 165,030 shares in the last quarter. Immersion Corp lifted its position in Xperi by 73.4% during the 2nd quarter. Immersion Corp now owns 602,615 shares of the semiconductor company’s stock valued at $4,767,000 after acquiring an additional 255,174 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Xperi during the second quarter worth about $724,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in Xperi by 647.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 101,857 shares of the semiconductor company’s stock worth $806,000 after acquiring an additional 88,237 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

About Xperi

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.