Xperi (NASDAQ:XPER) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

XPER has been the topic of several other research reports. Zacks Investment Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America lowered shares of Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Xperi presently has an average rating of “Hold” and an average target price of $53.00.

Xperi (XPER) traded up $0.25 during mid-day trading on Thursday, reaching $20.40. 632,054 shares of the company traded hands, compared to its average volume of 459,187. The firm has a market capitalization of $956.70, a price-to-earnings ratio of 27.32, a PEG ratio of 0.86 and a beta of 0.73. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.32. Xperi has a 52 week low of $16.70 and a 52 week high of $45.95.

Xperi (NASDAQ:XPER) last released its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $88.50 million for the quarter, compared to analyst estimates of $94.20 million. Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The business’s revenue was up 41.8% compared to the same quarter last year. research analysts predict that Xperi will post 0.9 EPS for the current year.

In related news, Director George Andrew Riedel bought 3,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the completion of the transaction, the director now directly owns 24,527 shares in the company, valued at $480,238.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jon Kirchner bought 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $18.75 per share, for a total transaction of $93,750.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 21,388 shares of company stock worth $400,127. Company insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in XPER. Evermore Global Advisors LLC acquired a new stake in shares of Xperi in the third quarter valued at about $15,736,000. Chartwell Investment Partners LLC grew its position in shares of Xperi by 61.0% in the third quarter. Chartwell Investment Partners LLC now owns 922,013 shares of the semiconductor company’s stock valued at $23,326,000 after purchasing an additional 349,339 shares during the period. Morgan Stanley purchased a new position in shares of Xperi in the first quarter worth about $3,984,000. Teachers Advisors LLC purchased a new position in shares of Xperi in the first quarter worth about $3,124,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Xperi by 9.2% in the third quarter. Russell Investments Group Ltd. now owns 1,018,115 shares of the semiconductor company’s stock worth $25,759,000 after buying an additional 85,364 shares in the last quarter. Institutional investors and hedge funds own 99.63% of the company’s stock.

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Xperi Company Profile

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.

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