Xperi (NASDAQ:XPER) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Xperi (NASDAQ:XPER) in a report issued on Thursday morning,Benzinga reports. They currently have a $10.00 price objective on the semiconductor company’s stock.

Separately, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Xperi in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $11.00.

Xperi Stock Up 4.4%

Shares of Xperi stock opened at $5.81 on Thursday. Xperi has a twelve month low of $5.07 and a twelve month high of $8.96. The business has a 50-day moving average price of $5.79 and a 200-day moving average price of $6.08. The firm has a market cap of $269.02 million, a price-to-earnings ratio of -3.06 and a beta of 1.31.

Institutional Investors Weigh In On Xperi

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its stake in shares of Xperi by 485.6% during the 3rd quarter. CWM LLC now owns 7,255 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 6,016 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Xperi in the third quarter worth $57,000. Tactive Advisors LLC bought a new stake in shares of Xperi during the fourth quarter worth $60,000. Endeavor Private Wealth Inc. bought a new stake in shares of Xperi during the fourth quarter worth $69,000. Finally, AlphaQuest LLC boosted its stake in shares of Xperi by 51.6% during the third quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 4,829 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Company Profile

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.