Xperi (NASDAQ:XPER) Downgraded to “Hold” Rating by StockNews.com

Xperi (NASDAQ:XPER) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

XPER has been the subject of several other research reports. BWS Financial reiterated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research report on Thursday, February 27th. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th.

Xperi Price Performance

Shares of NASDAQ:XPER traded up $0.23 during trading on Wednesday, hitting $8.06. 233,844 shares of the company were exchanged, compared to its average volume of 450,160. The stock has a market capitalization of $357.55 million, a P/E ratio of -4.24 and a beta of 1.32. Xperi has a 12-month low of $6.89 and a 12-month high of $12.13. The firm’s 50 day moving average price is $8.75 and its 200-day moving average price is $9.10.

Hedge Funds Weigh In On Xperi

A number of institutional investors and hedge funds have recently made changes to their positions in XPER. Virtus Fund Advisers LLC purchased a new stake in shares of Xperi in the 4th quarter worth about $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Xperi in the 4th quarter worth about $56,000. Harbor Capital Advisors Inc. boosted its position in shares of Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,197 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Xperi in the 4th quarter worth about $115,000. Finally, Corton Capital Inc. purchased a new stake in shares of Xperi in the 4th quarter worth about $127,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.