Xperi (XPER) Sets New 1-Year Low at $13.55

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Xperi Corp (NASDAQ:XPER) reached a new 52-week low during trading on Thursday . The stock traded as low as $13.55 and last traded at $13.74, with a volume of 11091 shares changing hands. The stock had previously closed at $13.99.

Several equities research analysts have recently commented on the company. BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 4th. B. Riley assumed coverage on Xperi in a report on Thursday, July 19th. They issued a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 price objective on shares of Xperi in a report on Thursday, August 9th. Craig Hallum set a $25.00 price objective on Xperi and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, ValuEngine raised Xperi from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.80.

The company has a quick ratio of 7.92, a current ratio of 7.92 and a debt-to-equity ratio of 0.84. The company has a market cap of $729.09 million, a price-to-earnings ratio of 9.83 and a beta of 0.51.

Xperi (NASDAQ:XPER) last posted its quarterly earnings results on Wednesday, August 8th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). Xperi had a negative net margin of 19.66% and a negative return on equity of 2.09%. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $101.00 million. Equities analysts forecast that Xperi Corp will post 2.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its stake in Xperi by 3.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 66,252 shares of the semiconductor company’s stock valued at $1,398,000 after acquiring an additional 2,406 shares during the period. Rothschild Asset Management Inc. raised its stake in Xperi by 0.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 583,751 shares of the semiconductor company’s stock valued at $9,398,000 after acquiring an additional 3,425 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Xperi by 30.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,700 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 3,900 shares during the period. Rhumbline Advisers raised its stake in Xperi by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 118,519 shares of the semiconductor company’s stock valued at $1,908,000 after acquiring an additional 4,384 shares during the period. Finally, UBS Group AG raised its stake in Xperi by 42.4% in the 1st quarter. UBS Group AG now owns 15,137 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 4,509 shares during the period. Institutional investors and hedge funds own 98.21% of the company’s stock.

About Xperi (NASDAQ:XPER)

Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.

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