Xperi (NASDAQ:XPER) Price Target Lowered to $28.00 at B. Riley

Xperi (NASDAQ:XPER) had its price objective reduced by B. Riley from $30.00 to $28.00 in a research note published on Thursday morning, Stock Target Advisor reports. They currently have a buy rating on the semiconductor company’s stock.

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Xperi from a sell rating to a strong sell rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Xperi from a strong-buy rating to a hold rating in a report on Saturday, October 12th. Finally, BidaskClub raised shares of Xperi from a sell rating to a hold rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $30.60.

NASDAQ:XPER traded up $0.12 during midday trading on Thursday, hitting $21.46. 291,300 shares of the company were exchanged, compared to its average volume of 407,309. The company has a market capitalization of $1.05 billion, a PE ratio of 8.65 and a beta of 0.34. Xperi has a fifty-two week low of $12.61 and a fifty-two week high of $25.84. The company has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $20.97. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.69.

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A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Xperi by 3.3% in the second quarter. BlackRock Inc. now owns 7,312,208 shares of the semiconductor company’s stock valued at $150,558,000 after purchasing an additional 231,013 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Xperi by 1.2% in the second quarter. Vanguard Group Inc. now owns 5,390,209 shares of the semiconductor company’s stock valued at $110,985,000 after purchasing an additional 62,614 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Xperi by 17.1% in the second quarter. Janus Henderson Group PLC now owns 3,205,717 shares of the semiconductor company’s stock valued at $66,006,000 after purchasing an additional 468,478 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Xperi by 91.0% in the second quarter. Renaissance Technologies LLC now owns 1,687,914 shares of the semiconductor company’s stock valued at $34,754,000 after purchasing an additional 804,000 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Xperi by 47.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,467,568 shares of the semiconductor company’s stock valued at $30,217,000 after purchasing an additional 470,533 shares in the last quarter. 96.73% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Company Profile

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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