Xperi (NASDAQ:XPER) had its price target upped by equities researchers at Craig Hallum from $28.00 to $32.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective points to a potential upside of 35.36% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on XPER. ValuEngine raised Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 8th. Zacks Investment Research raised Xperi from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Saturday, November 17th. B. Riley set a $23.00 price objective on Xperi and gave the stock a “buy” rating in a research report on Monday, December 10th. Finally, BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $26.40.
Shares of NASDAQ:XPER traded up $0.20 on Thursday, reaching $23.64. The company had a trading volume of 575 shares, compared to its average volume of 381,996. The company has a current ratio of 7.36, a quick ratio of 7.36 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.13 billion, a PE ratio of 17.26 and a beta of 0.25. Xperi has a 52-week low of $12.08 and a 52-week high of $24.25.
Several institutional investors have recently bought and sold shares of XPER. TIAA CREF Investment Management LLC lifted its position in Xperi by 19.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 131,652 shares of the semiconductor company’s stock worth $1,955,000 after acquiring an additional 21,484 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Xperi during the 3rd quarter worth about $178,000. Fox Run Management L.L.C. acquired a new stake in Xperi during the 4th quarter worth about $231,000. First Trust Advisors LP lifted its position in Xperi by 155.5% during the 3rd quarter. First Trust Advisors LP now owns 80,147 shares of the semiconductor company’s stock worth $1,190,000 after acquiring an additional 48,775 shares during the period. Finally, Inlet Private Wealth LLC acquired a new stake in Xperi during the 4th quarter worth about $3,409,000. 96.29% of the stock is owned by hedge funds and other institutional investors.
Xperi Company Profile
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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