Xperi’s (XPER) Buy Rating Reaffirmed at Rosenblatt Securities

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They presently have a $10.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 47.71% from the company’s previous close.

Separately, BWS Financial downgraded shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and lowered their price objective for the company from $30.00 to $12.00 in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Xperi presently has a consensus rating of “Buy” and an average price target of $11.00.

Xperi Stock Up 6.3%

Shares of NASDAQ:XPER opened at $6.77 on Thursday. Xperi has a fifty-two week low of $5.68 and a fifty-two week high of $11.07. The firm has a 50-day simple moving average of $6.42 and a 200 day simple moving average of $7.01. The company has a market cap of $313.18 million, a PE ratio of -3.56 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XPER. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Xperi by 3.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 68,790 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 2,300 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Xperi by 51.6% in the third quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 4,829 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Xperi by 140.5% in the first quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 5,200 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Xperi by 6.7% in the second quarter. Franklin Resources Inc. now owns 84,085 shares of the semiconductor company’s stock valued at $665,000 after acquiring an additional 5,310 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Xperi by 7.8% in the second quarter. Raymond James Financial Inc. now owns 75,796 shares of the semiconductor company’s stock valued at $600,000 after acquiring an additional 5,502 shares in the last quarter. Institutional investors 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.