Xperi (NASDAQ:XPER) Rating Increased to Buy at StockNews.com

Xperi (NASDAQ:XPER) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

XPER has been the topic of several other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. BWS Financial reissued a “top pick” rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, February 27th.

Xperi Trading Down 4.6 %

Shares of XPER opened at $7.84 on Thursday. Xperi has a 12-month low of $6.89 and a 12-month high of $12.12. The firm has a market capitalization of $356.63 million, a P/E ratio of -4.12 and a beta of 1.32. The firm has a 50-day moving average price of $8.59 and a 200 day moving average price of $9.08.

Hedge Funds Weigh In On Xperi

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Xperi by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company’s stock valued at $19,348,000 after purchasing an additional 53,392 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of Xperi in the fourth quarter worth $43,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Xperi during the fourth quarter worth $212,000. Squarepoint Ops LLC raised its stake in shares of Xperi by 469.6% in the fourth quarter. Squarepoint Ops LLC now owns 90,893 shares of the semiconductor company’s stock valued at $933,000 after acquiring an additional 74,936 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Xperi by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company’s stock valued at $149,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.