Benchmark Reaffirms “Buy” Rating for Xperi (XPER)

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating restated by research analysts at Benchmark in a report released on Wednesday. They currently have a $40.00 price target on the semiconductor company’s stock, down from their prior price target of $53.00. Benchmark’s price objective would indicate a potential upside of 91.39% from the company’s previous close.

A number of other equities research analysts have also weighed in on XPER. Bank of America lowered shares of Xperi from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, ValuEngine lowered shares of Xperi from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.00.

Xperi (XPER) traded up $0.15 on Wednesday, hitting $20.90. 339,900 shares of the company were exchanged, compared to its average volume of 494,746. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.32. Xperi has a 12 month low of $16.70 and a 12 month high of $45.10. The firm has a market cap of $1,023.27, a price-to-earnings ratio of -14.51 and a beta of 0.58.

In other news, insider Geir Skaaden acquired 3,000 shares of Xperi stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $18.56 per share, with a total value of $55,680.00. Following the transaction, the insider now owns 45,248 shares of the company’s stock, valued at approximately $839,802.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Hill acquired 10,000 shares of Xperi stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $18.75 per share, with a total value of $187,500.00. Following the completion of the transaction, the director now directly owns 60,854 shares in the company, valued at approximately $1,141,012.50. The disclosure for this purchase can be found here. Insiders purchased a total of 16,000 shares of company stock worth $301,920 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of XPER. MYDA Advisors LLC bought a new stake in Xperi in the 4th quarter worth about $293,000. Aperio Group LLC grew its position in Xperi by 45.4% in the 4th quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 3,917 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Xperi in the 2nd quarter worth about $319,000. Crossmark Global Holdings Inc. bought a new stake in Xperi in the 3rd quarter worth about $367,000. Finally, HAP Trading LLC bought a new stake in Xperi in the 4th quarter worth about $410,000.

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About Xperi

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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