Xperi Co. (XPER) Given Average Recommendation of “Hold” by Analysts

Shares of Xperi Co. (NASDAQ:XPER) have been assigned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $40.00.

Several research firms recently issued reports on XPER. Benchmark restated a “buy” rating and issued a $40.00 price target (down from $53.00) on shares of Xperi in a research note on Wednesday, February 14th. BidaskClub downgraded Xperi from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. ValuEngine downgraded Xperi from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Bank of America downgraded Xperi from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd.

Xperi (NASDAQ XPER) traded down $1.15 on Wednesday, reaching $21.00. The company had a trading volume of 476,680 shares, compared to its average volume of 520,087. The company has a market cap of $1,090.00, a P/E ratio of -14.48 and a beta of 0.58. Xperi has a twelve month low of $16.70 and a twelve month high of $45.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.54 and a quick ratio of 3.15.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 3.81%. Xperi’s dividend payout ratio (DPR) is presently -55.17%.

In related news, Director Richard Hill bought 10,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was purchased at an average cost of $18.75 per share, for a total transaction of $187,500.00. Following the transaction, the director now owns 60,854 shares in the company, valued at approximately $1,141,012.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George Andrew Riedel bought 3,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were bought at an average price of $19.58 per share, with a total value of $58,740.00. Following the completion of the transaction, the director now owns 24,527 shares in the company, valued at approximately $480,238.66. The disclosure for this purchase can be found here. Insiders purchased a total of 16,000 shares of company stock valued at $301,920 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in XPER. Flinton Capital Management LLC lifted its position in shares of Xperi by 65.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 1,904 shares during the period. MYDA Advisors LLC bought a new stake in shares of Xperi during the 4th quarter valued at $293,000. Aperio Group LLC lifted its position in shares of Xperi by 45.4% during the 4th quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 3,917 shares during the period. Ellington Management Group LLC bought a new stake in shares of Xperi during the 4th quarter valued at $312,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Xperi during the 2nd quarter valued at $319,000.

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About Xperi

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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