Initiates Coverage on Xperi (NASDAQ:XPER)

Equities researchers at initiated coverage on shares of Xperi (NASDAQ:XPERGet Rating) in a research report issued on Wednesday. The firm set a “strong-buy” rating on the semiconductor company’s stock.

Several other research analysts have also recently commented on the company. Maxim Group reduced their target price on Xperi from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Xperi in a research note on Wednesday, February 22nd.

Xperi Stock Performance

Shares of Xperi stock opened at $10.30 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37. The firm’s 50-day simple moving average is $10.12 and its 200-day simple moving average is $10.17. Xperi has a 1 year low of $8.15 and a 1 year high of $26.00.

Xperi (NASDAQ:XPERGet Rating) last issued its quarterly earnings data on Tuesday, February 21st. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.82) by $0.53. The business had revenue of $135.53 million for the quarter, compared to analyst estimates of $129.94 million. Equities research analysts forecast that Xperi will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new stake in Xperi in the fourth quarter worth approximately $12,757,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Xperi in the 4th quarter worth about $12,429,000. Millennium Management LLC raised its position in Xperi by 577.9% in the second quarter. Millennium Management LLC now owns 1,100,739 shares of the semiconductor company’s stock worth $15,884,000 after acquiring an additional 938,373 shares during the period. B. Riley Asset Management LLC bought a new position in shares of Xperi during the 1st quarter valued at approximately $8,099,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Xperi by 367.6% during the first quarter. Goldman Sachs Group Inc. now owns 935,127 shares of the semiconductor company’s stock valued at $16,196,000 after purchasing an additional 735,159 shares during the last quarter. 43.84% of the stock is owned by institutional investors.

About Xperi

(Get Rating)

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 service, including schedules, listings, app content linking services, and advanced metadata, such as moods, tones, themes and topics; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.

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