Xperi (NASDAQ:XPER) Raised to “Buy” at StockNews.com

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

XPER has been the subject of a number of other reports. BWS Financial restated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research report on Thursday, May 8th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Xperi in a report on Thursday, February 27th.

Xperi Trading Down 3.4%

XPER opened at $8.01 on Friday. The firm has a market capitalization of $364.64 million, a PE ratio of -4.22 and a beta of 1.29. Xperi has a twelve month low of $6.29 and a twelve month high of $11.08. The firm’s 50-day moving average price is $7.42 and its 200 day moving average price is $8.61.

Institutional Trading of Xperi

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Xperi by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company’s stock worth $28,621,000 after acquiring an additional 53,159 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Xperi by 15.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,151,343 shares of the semiconductor company’s stock worth $16,608,000 after purchasing an additional 289,685 shares during the last quarter. Wellington Management Group LLP raised its holdings in Xperi by 11.0% in the 1st quarter. Wellington Management Group LLP now owns 2,091,742 shares of the semiconductor company’s stock valued at $16,148,000 after buying an additional 207,810 shares during the period. The Manufacturers Life Insurance Company lifted its position in Xperi by 6.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company’s stock valued at $19,119,000 after buying an additional 116,220 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Xperi by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the semiconductor company’s stock valued at $12,039,000 after buying an additional 17,984 shares during the last quarter. Hedge funds and other 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.