Xperi (NASDAQ:XPER) Downgraded by Zacks Investment Research

Xperi (NASDAQ:XPER) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “Xperi Corp. is a product and technology licensing company which manufactures semiconductors and related products. Its technologies and intellectual property are deployed, in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging. Xperi Corporation, formerly known as Tessera Holding Corporation, is headquartered in San Jose, CA. “

A number of other analysts have also recently commented on XPER. BidaskClub raised shares of Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. B. Riley set a $30.00 price target on shares of Xperi and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.00.

Shares of Xperi stock traded up $0.55 during trading on Friday, hitting $20.35. The company’s stock had a trading volume of 200,010 shares, compared to its average volume of 324,784. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.58 and a quick ratio of 7.58. Xperi has a 52 week low of $12.08 and a 52 week high of $25.84. The stock has a market cap of $979.42 million, a price-to-earnings ratio of 8.21 and a beta of 0.37. The stock has a 50-day moving average price of $19.82 and a two-hundred day moving average price of $21.47.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.10. Xperi had a net margin of 7.37% and a return on equity of 22.90%. The company had revenue of $92.30 million for the quarter, compared to analysts’ expectations of $90.20 million. On average, equities analysts predict that Xperi will post 2.27 EPS for the current fiscal year.

In other Xperi news, insider Paul E. Davis sold 6,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the sale, the insider now owns 103,904 shares of the company’s stock, valued at $2,285,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in XPER. Private Ocean LLC acquired a new position in shares of Xperi during the second quarter valued at about $28,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Xperi during the second quarter valued at about $80,000. NumerixS Investment Technologies Inc raised its holdings in shares of Xperi by 46.4% during the second quarter. NumerixS Investment Technologies Inc now owns 4,100 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 1,300 shares during the period. First Quadrant L P CA acquired a new position in shares of Xperi during the second quarter valued at about $129,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Xperi during the second quarter valued at about $135,000. Hedge funds and other institutional investors own 96.69% of the company’s stock.

About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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