Xperi Co. (XPER) Receives $33.50 Average PT from Brokerages

Shares of Xperi Co. (NASDAQ:XPER) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.

XPER has been the subject of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Xperi in a report on Monday, March 5th. They set an “outperform” rating and a $27.00 price target for the company. Benchmark restated a “buy” rating and set a $40.00 price target (down previously from $53.00) on shares of Xperi in a report on Wednesday, February 14th. ValuEngine downgraded shares of Xperi from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a report on Friday, March 9th.

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In other news, insider Geir Skaaden purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average price of $18.56 per share, for a total transaction of $55,680.00. Following the acquisition, the insider now directly owns 45,248 shares of the company’s stock, valued at $839,802.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Elkfork Partners LLC acquired a new stake in Xperi in the 4th quarter valued at approximately $151,000. MYDA Advisors LLC acquired a new stake in Xperi in the 4th quarter valued at approximately $293,000. Aperio Group LLC increased its holdings in Xperi by 45.4% in the 4th quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 3,917 shares during the last quarter. Ellington Management Group LLC acquired a new stake in Xperi in the 4th quarter valued at approximately $312,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Xperi in the 4th quarter valued at approximately $319,000.

Shares of NASDAQ XPER traded up $0.30 during midday trading on Thursday, reaching $22.70. 255,691 shares of the stock were exchanged, compared to its average volume of 519,247. The company has a market capitalization of $1,085.21, a P/E ratio of 18.92 and a beta of 0.57. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.54 and a quick ratio of 2.54. Xperi has a twelve month low of $16.70 and a twelve month high of $35.40.

Xperi (NASDAQ:XPER) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $126.65 million during the quarter. Xperi had a negative net margin of 15.13% and a positive return on equity of 13.52%.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.52%.

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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, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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