Xperi (XPER) Upgraded at BidaskClub

Xperi (NASDAQ:XPER) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also commented on the company. Bank of America lowered Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Xperi presently has an average rating of “Hold” and a consensus price target of $53.00.

Shares of Xperi (NASDAQ XPER) traded up $0.25 during midday trading on Thursday, reaching $20.40. The company had a trading volume of 632,054 shares, compared to its average volume of 459,187. The stock has a market capitalization of $956.70, a price-to-earnings ratio of 27.32, a P/E/G ratio of 0.86 and a beta of 0.73. Xperi has a 52-week low of $16.70 and a 52-week high of $45.95. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.32.

Xperi (NASDAQ:XPER) last issued its earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $88.50 million during the quarter, compared to analysts’ expectations of $94.20 million. Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The company’s quarterly revenue was up 41.8% compared to the same quarter last year. sell-side analysts anticipate that Xperi will post 0.9 earnings per share for the current year.

In related news, Director George Andrew Riedel acquired 3,000 shares of the stock in a transaction on Monday, November 27th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the transaction, the director now owns 24,527 shares in the company, valued at approximately $480,238.66. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jon Kirchner acquired 5,000 shares of the stock in a transaction on Monday, November 6th. The stock was bought at an average price of $18.75 per share, for a total transaction of $93,750.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 21,388 shares of company stock worth $400,127. 2.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in XPER. UBS Group AG purchased a new stake in Xperi in the 1st quarter worth approximately $131,000. Flinton Capital Management LLC boosted its position in Xperi by 65.1% in the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock worth $144,000 after purchasing an additional 1,904 shares in the last quarter. Riverhead Capital Management LLC boosted its position in Xperi by 68.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 1,997 shares in the last quarter. Pinebridge Investments L.P. boosted its position in Xperi by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after purchasing an additional 116 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in Xperi in the 2nd quarter worth approximately $276,000. Institutional investors and hedge funds own 99.63% of the company’s stock.

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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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