Xperi (NYSE:XPER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Xperi (NYSE:XPER) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price objective on shares of Xperi in a report on Thursday, August 6th. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Xperi in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.00.

Xperi Stock Performance

NYSE XPER opened at $5.83 on Friday. The stock has a fifty day simple moving average of $5.45 and a 200-day simple moving average of $6.42. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a market cap of $284.09 million, a PE ratio of -8.57 and a beta of 1.40. Xperi has a twelve month low of $4.91 and a twelve month high of $8.75.

Xperi (NYSE:XPER) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. The firm had revenue of $113.95 million for the quarter, compared to analyst estimates of $111.47 million. Xperi had a negative net margin of 6.89% and a positive return on equity of 4.44%. Equities analysts anticipate that Xperi will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Xperi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPER. The Manufacturers Life Insurance Company grew its stake in shares of Xperi by 24.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,092,416 shares of the company’s stock worth $25,451,000 after acquiring an additional 613,428 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Xperi by 11.4% in the second quarter. Wellington Management Group LLP now owns 2,483,786 shares of the company’s stock valued at $20,442,000 after acquiring an additional 255,082 shares in the last quarter. State Street Corp raised its stake in shares of Xperi by 5.1% in the second quarter. State Street Corp now owns 1,006,453 shares of the company’s stock valued at $8,283,000 after acquiring an additional 48,608 shares in the last quarter. TSP Capital Management Group LLC boosted its holdings in Xperi by 29.2% in the third quarter. TSP Capital Management Group LLC now owns 1,135,706 shares of the company’s stock valued at $6,258,000 after purchasing an additional 256,630 shares during the period. Finally, Algert Global LLC boosted its holdings in Xperi by 29.2% in the second quarter. Algert Global LLC now owns 438,668 shares of the company’s stock valued at $3,610,000 after purchasing an additional 99,021 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Xperi

Xperi Inc (NYSE: XPER) is an entertainment and consumer technology company that develops software, services and technologies for connected televisions, cars and other consumer electronics. Its products are designed to help people discover, access and enjoy digital entertainment across traditional television, streaming and in-vehicle environments.

The company’s portfolio includes the TiVo entertainment platform, which provides television operating systems, content discovery, viewing guides and related services for smart-TV manufacturers, pay-TV providers and consumers.