Xperi (NASDAQ:XPER) Upgraded at StockNews.com

StockNews.com upgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a buy rating in a research note released on Thursday morning.

Other research analysts have also issued research reports about the company. BWS Financial restated a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Xperi in a report on Thursday, February 27th.

Xperi Trading Down 4.6 %

Shares of NASDAQ: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 stock has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $9.08. The stock has a market capitalization of $356.63 million, a price-to-earnings ratio of -4.12 and a beta of 1.32.

Institutional Trading of Xperi

Several hedge funds have recently made changes to their positions in the business. Virtus Fund Advisers LLC purchased a new position in shares of Xperi in the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Xperi in the fourth quarter valued at $56,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 1,197 shares during the last quarter. LPL Financial LLC bought a new position in Xperi during the 4th quarter valued at about $115,000. Finally, Intech Investment Management LLC purchased a new stake in Xperi in the 3rd quarter worth about $121,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Xperi

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.