Xperi Co. (XPER) Receives Consensus Recommendation of “Hold” from Analysts

Xperi Co. (NASDAQ:XPER) has been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.00.

A number of equities analysts have recently commented on XPER shares. BidaskClub downgraded shares of Xperi from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Bank of America downgraded shares of Xperi from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. ValuEngine downgraded shares of Xperi from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 target price (down from $53.00) on shares of Xperi in a research note on Wednesday.

Xperi (XPER) traded up $0.15 during mid-day trading on Wednesday, hitting $20.90. The stock had a trading volume of 339,900 shares, compared to its average volume of 495,353. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market cap of $1,023.27, a P/E ratio of -14.79 and a beta of 0.58. Xperi has a one year low of $16.70 and a one year high of $45.10.

In other news, Director Richard Hill bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $18.75 per share, for a total transaction of $187,500.00. Following the purchase, the director now owns 60,854 shares of the company’s stock, valued at approximately $1,141,012.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Andrew Riedel bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of $19.58 per share, with a total value of $58,740.00. Following the completion of the purchase, the director now directly owns 24,527 shares in the company, valued at approximately $480,238.66. The disclosure for this purchase can be found here. Insiders purchased a total of 16,000 shares of company stock valued at $301,920 over the last quarter. 2.40% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of XPER. Flinton Capital Management LLC lifted its holdings in Xperi by 65.1% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 1,904 shares during the period. State Street Corp boosted its stake in Xperi by 2.6% in the second quarter. State Street Corp now owns 1,251,469 shares of the semiconductor company’s stock valued at $37,298,000 after acquiring an additional 31,672 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Xperi in the second quarter valued at about $319,000. Kirr Marbach & Co. LLC IN boosted its stake in Xperi by 0.8% in the third quarter. Kirr Marbach & Co. LLC IN now owns 411,131 shares of the semiconductor company’s stock valued at $10,402,000 after acquiring an additional 3,170 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Xperi in the third quarter valued at about $367,000.

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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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