Xperi (NASDAQ:XPER) Coverage Initiated by Analysts at StockNews.com

Posted by on Jun 25th, 2023

Research analysts at StockNews.com assumed coverage on shares of Xperi (NASDAQ:XPER – Get Rating) in a research report issued to clients and investors on Sunday. The brokerage set a “strong-buy” rating on the semiconductor company’s stock.

Separately, Rosenblatt Securities began coverage on Xperi in a research note on Monday, June 12th. They set a “buy” rating and a $15.00 price target on the stock. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.25.

Xperi Stock Performance

Shares of Xperi stock opened at $12.96 on Friday. Xperi has a 52-week low of $8.15 and a 52-week high of $26.00. The company has a 50 day moving average of $10.76 and a 200 day moving average of $10.37. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.12.

Xperi (NASDAQ:XPER – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The business had revenue of $126.84 million during the quarter, compared to analysts’ expectations of $131.33 million. On average, research analysts predict that Xperi will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Xperi

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in Xperi by 150.0% during the first quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock worth $25,000 after buying an additional 1,362 shares in the last quarter. Psagot Value Holdings Ltd. Israel purchased a new position in Xperi during the first quarter worth $37,000. Captrust Financial Advisors increased its position in Xperi by 222.1% during the first quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock worth $54,000 after buying an additional 2,159 shares in the last quarter. Strs Ohio purchased a new position in Xperi during the fourth quarter worth $75,000. Finally, Thompson Siegel & Walmsley LLC increased its position in Xperi by 24.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 7,534 shares of the semiconductor company’s stock worth $82,000 after buying an additional 1,458 shares in the last quarter. 91.49% of the stock is owned by institutional investors and hedge funds.

Xperi Company Profile

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Xperi Inc provides software and services in the United States. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and services; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.

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