Xperi (NASDAQ:XPER) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday, March 9th.
XPER has been the subject of a number of other reports. Benchmark restated a “buy” rating and issued a $40.00 price objective (down from $53.00) on shares of Xperi in a report on Wednesday, February 14th. ValuEngine downgraded Xperi from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada began coverage on Xperi in a report on Monday, March 5th. They issued an “outperform” rating and a $27.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.50.
Shares of Xperi (NASDAQ:XPER) traded down $0.15 during trading hours on Friday, hitting $23.65. 799,708 shares of the stock traded hands, compared to its average volume of 528,718. The firm has a market capitalization of $1,169.26, a P/E ratio of 20.39 and a beta of 0.57. Xperi has a 52 week low of $16.70 and a 52 week high of $38.60. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.25.
In other news, insider Geir Skaaden purchased 3,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were acquired at an average price of $18.56 per share, with a total value of $55,680.00. Following the completion of the transaction, the insider now owns 45,248 shares of the company’s stock, valued at approximately $839,802.88. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System boosted its position in Xperi by 2.1% during the fourth quarter. California Public Employees Retirement System now owns 150,006 shares of the semiconductor company’s stock valued at $3,660,000 after acquiring an additional 3,096 shares during the last quarter. Aperio Group LLC boosted its position in Xperi by 45.4% during the fourth quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 3,917 shares during the last quarter. Geode Capital Management LLC boosted its position in Xperi by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 446,197 shares of the semiconductor company’s stock valued at $10,887,000 after acquiring an additional 5,764 shares during the last quarter. Elkfork Partners LLC bought a new stake in Xperi during the fourth quarter valued at $151,000. Finally, MYDA Advisors LLC bought a new stake in Xperi during the fourth quarter valued at $293,000.
Xperi Company Profile
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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