Xperi (XPER) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Xperi (NASDAQ:XPER) from a sell rating to a hold rating in a report issued on Thursday, December 7th.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Xperi from a strong sell rating to a hold rating in a report on Thursday, September 28th. Bank of America cut Xperi from a buy rating to a neutral rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $53.00.

Shares of Xperi (XPER) traded up $0.25 during trading on Thursday, hitting $24.65. The company’s stock had a trading volume of 539,000 shares, compared to its average volume of 457,800. Xperi has a fifty-two week low of $16.70 and a fifty-two week high of $45.95. The firm has a market capitalization of $1,203.27, a PE ratio of -17.12 and a beta of 0.73. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.32.

Xperi (NASDAQ:XPER) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The firm had revenue of $88.50 million for the quarter, compared to analyst estimates of $94.20 million. Xperi’s quarterly revenue was up 41.8% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.80 annualized dividend and a yield of 3.25%. Xperi’s dividend payout ratio (DPR) is -55.56%.

In other Xperi news, Director Richard Hill bought 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was bought at an average price of $18.75 per share, with a total value of $187,500.00. Following the completion of the purchase, the director now directly owns 60,854 shares in the company, valued at $1,141,012.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert J. Andersen bought 2,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $17.75 per share, with a total value of $35,500.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 21,388 shares of company stock valued at $400,127. 2.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG purchased a new position in shares of Xperi during the first quarter worth $131,000. Flinton Capital Management LLC boosted its position in shares of Xperi by 65.1% during the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock worth $144,000 after buying an additional 1,904 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Xperi by 68.9% during the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after buying an additional 1,997 shares during the period. Pinebridge Investments L.P. boosted its position in shares of Xperi by 1.8% during the second quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after buying an additional 116 shares during the period. Finally, Ramsey Quantitative Systems purchased a new position in shares of Xperi during the second quarter worth $276,000. Institutional investors and hedge funds own 99.63% of the company’s stock.

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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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