Xperi (NASDAQ:XPER) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Xperi (NASDAQ:XPER) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other analysts also recently issued reports on XPER. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Xperi in a report on Thursday, February 27th. BWS Financial reaffirmed a “top pick” rating and set a $30.00 price target on shares of Xperi in a report on Thursday.

Xperi Trading Up 0.7%

NASDAQ:XPER opened at $8.08 on Friday. The firm has a market cap of $367.79 million, a PE ratio of -4.25 and a beta of 1.29. The stock has a fifty day moving average price of $7.38 and a 200 day moving average price of $8.65. Xperi has a 12-month low of $6.29 and a 12-month high of $11.08.

Institutional Investors Weigh In On Xperi

A number of institutional investors have recently added to or reduced their stakes in XPER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Xperi by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company’s stock worth $264,000 after buying an additional 1,140 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company’s stock valued at $898,000 after buying an additional 1,183 shares during the period. 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 valued at $104,000 after buying an additional 1,197 shares during the period. Nebula Research & Development LLC lifted its holdings in shares of Xperi by 10.1% in the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 2,104 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Xperi by 3.1% in the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock valued at $759,000 after buying an additional 2,253 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.