BWS Financial Reiterates “Buy” Rating for Xperi (NASDAQ:XPER)

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating restated by research analysts at BWS Financial in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $12.00 target price on the semiconductor company’s stock. BWS Financial’s target price points to a potential upside of 96.88% from the stock’s current price.

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

Xperi Trading Up 1.1%

Shares of Xperi stock opened at $6.10 on Tuesday. The company has a market capitalization of $282.41 million, a P/E ratio of -3.21 and a beta of 1.31. The stock has a fifty day simple moving average of $6.02 and a 200 day simple moving average of $6.42. Xperi has a 12-month low of $5.40 and a 12-month high of $9.59.

Institutional Investors Weigh In On Xperi

A number of large investors have recently added to or reduced their stakes in XPER. Mariner LLC boosted its stake in Xperi by 2.8% during the 3rd quarter. Mariner LLC now owns 79,360 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 2,195 shares during the last quarter. AlphaQuest LLC lifted its holdings in Xperi by 51.6% in the third quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 4,829 shares during the period. Raymond James Financial Inc. grew its stake in shares of Xperi by 6.6% during the 3rd quarter. Raymond James Financial Inc. now owns 80,819 shares of the semiconductor company’s stock valued at $524,000 after purchasing an additional 5,023 shares during the period. Zacks Investment Management grew its stake in shares of Xperi by 45.1% during the 3rd quarter. Zacks Investment Management now owns 16,954 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 5,266 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Xperi by 6.7% in the second quarter. Franklin Resources Inc. now owns 84,085 shares of the semiconductor company’s stock worth $665,000 after buying an additional 5,310 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.