Xperi (XPER) Price Target Cut to $20.00

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Xperi (NASDAQ:XPER) had its price objective dropped by analysts at Craig Hallum from $25.00 to $20.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target points to a potential upside of 41.24% from the company’s current price.

A number of other research firms have also recently commented on XPER. BidaskClub raised Xperi from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. B. Riley initiated coverage on Xperi in a research note on Thursday, July 19th. They set a “buy” rating and a $26.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Xperi in a research note on Thursday, August 9th. ValuEngine raised Xperi from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, National Securities initiated coverage on Xperi in a research note on Thursday, September 6th. They set a “buy” rating and a $31.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Xperi presently has a consensus rating of “Hold” and a consensus price target of $27.80.

XPER traded down $0.34 during trading on Thursday, reaching $14.16. The stock had a trading volume of 348,610 shares, compared to its average volume of 400,588. The stock has a market cap of $664.28 million, a PE ratio of 10.34 and a beta of 0.67. The company has a quick ratio of 7.92, a current ratio of 7.92 and a debt-to-equity ratio of 0.84. Xperi has a one year low of $12.08 and a one year high of $28.33.

Xperi (NASDAQ:XPER) last released its earnings results on Wednesday, November 7th. The semiconductor company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.15). The firm had revenue of $100.59 million during the quarter, compared to the consensus estimate of $98.50 million. Xperi had a negative net margin of 23.56% and a positive return on equity of 5.89%. As a group, equities analysts anticipate that Xperi will post 2.05 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Xperi by 10.2% during the second quarter. BlackRock Inc. now owns 6,875,745 shares of the semiconductor company’s stock valued at $110,700,000 after buying an additional 638,877 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Xperi by 12.7% during the third quarter. Deprince Race & Zollo Inc. now owns 4,619,725 shares of the semiconductor company’s stock valued at $68,603,000 after buying an additional 520,428 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Xperi by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,032,527 shares of the semiconductor company’s stock valued at $32,723,000 after buying an additional 145,096 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Xperi by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock valued at $29,203,000 after buying an additional 752,622 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in shares of Xperi by 17.3% during the third quarter. Chartwell Investment Partners LLC now owns 1,436,987 shares of the semiconductor company’s stock valued at $21,339,000 after buying an additional 211,471 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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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