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

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They currently have a $10.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ target price indicates a potential upside of 62.73% from the company’s previous close.

Separately, BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Xperi in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $11.00.

Xperi Stock Performance

XPER opened at $6.15 on Thursday. The stock has a market cap of $284.73 million, a price-to-earnings ratio of -3.23 and a beta of 1.31. The stock’s 50 day moving average price is $5.79 and its 200-day moving average price is $6.08. Xperi has a one year low of $5.07 and a one year high of $8.52.

Institutional Investors Weigh In On Xperi

Institutional investors have recently modified their holdings of the company. CWM LLC boosted its stake in shares of Xperi by 485.6% in the 3rd quarter. CWM LLC now owns 7,255 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 6,016 shares during the period. Quantbot Technologies LP acquired a new stake in Xperi in the third quarter valued at approximately $57,000. Tactive Advisors LLC purchased a new position in Xperi in the fourth quarter worth approximately $60,000. Endeavor Private Wealth Inc. acquired a new position in Xperi during the 4th quarter worth approximately $69,000. Finally, Alpine Global Management LLC acquired a new position in Xperi during the 4th quarter worth approximately $89,000. 94.28% of the stock is owned by institutional investors and hedge funds.

About Xperi

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.