Xperi (NASDAQ:XPER) Given “Buy” Rating at Rosenblatt Securities

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $15.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ price target suggests a potential upside of 74.93% from the stock’s previous close.

Separately, BWS Financial reiterated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th.

Xperi Stock Performance

Shares of XPER stock opened at $8.58 on Thursday. The company has a market capitalization of $384.42 million, a price-to-earnings ratio of -4.51 and a beta of 1.31. The company has a 50-day simple moving average of $9.43 and a 200 day simple moving average of $9.13. Xperi has a 52 week low of $6.89 and a 52 week high of $12.29.

Institutional Investors Weigh In On Xperi

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Xperi by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 1,140 shares during the last quarter. Invesco Ltd. grew its holdings in Xperi by 1.4% during the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company’s stock worth $898,000 after acquiring an additional 1,183 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 1,197 shares during the last quarter. Nebula Research & Development LLC grew its holdings in Xperi by 10.1% during the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company’s stock worth $236,000 after acquiring an additional 2,104 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Xperi by 3.1% during the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock worth $759,000 after acquiring an additional 2,253 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. 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, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.